Wednesday, January 30, 2013

Websense Halted, Falls 7%: Q4 EPS Misses; Q1, Year Views Miss

Shares of enterprise security technology vendor Websense (WBSN) were briefly halted this afternoon, and have now fallen $1.13, or 7%, to $15 in late trading after the company reported Q4 revenue that beat consensus estimates but missed on the bottom line, and offered forecasts for this quarter and the year that missed analysts’ estimates.

Revenue in the three months ended in December declined slightly, year over year, to $91.7 million, yielding EPS of 28 cents.

Analysts had been modeling $91.35 million and 31 cents a share. The results follow a January pre-announcement from Websense in which the company lowered its Q4 outlook.

For the current quarter, Websense expects revenue in a range of $84 million to $87 million, and EPS of 15 cents to 19 cents. That is below the consensus estimate for $89.9 million and 35 cents a share.

For the full year, Websense expects revenue in a range of $351 million to $361 million, and EPS of 78 cents to 93 cents. Analysts have been modeling $367 million and $1.54 per share.

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