Phoenix Tech Q3 earnings miss analyst estimates by $0.01 per share; stock down 4% in pre-market

Software developer Phoenix Technologies Ltd. (Nasdaq:PTEC) reported ahead of the opening today an adjusted net profit of $1.3 million, or $0.04 per share, for the third quarter, compared with $0.3 million, or $0.01 a share, for the same quarter a year earlier. Revenues rose 53% to $19.3 million, compared with $12.6 million for the period a year earlier. Analysts had been expecting earnings per share of $0.05 on revenues of $18.3 million for the quarter ended June 30.

In pre-market trading today, shares of Milpitas, Calif.-based Phoenix are down 4% at $11.24. During the past year, shares have ranged from $8.46 to $17.60.

For detailed price information and recent news stories about Phoenix Technologies Ltd., click PTEC.

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