Advertising

The Seattle Times Company

NWjobs | NWautos | NWhomes | NWsource | Free Classifieds | seattletimes.com

Business / Technology


Our network sites seattletimes.com | Advanced

Originally published Tuesday, May 4, 2010 at 3:37 PM

Comments (0)     E-mail E-mail article      Print Print      Share Share

3Par posts smaller 4Q loss, higher revenue

Data storage company 3Par Inc. posted a smaller net loss for its fiscal fourth quarter Tuesday as revenue rose amid the improving economy.

The Associated Press

FREMONT, Calif. —

Data storage company 3Par Inc. posted a smaller net loss for its fiscal fourth quarter Tuesday as revenue rose amid the improving economy.

For the three months ended March 31, the company posted a net loss of $99,000, or less than a penny per share, compared with a loss of $907,000, or a penny per share, in the same period a year earlier.

Adjusted earnings, which exclude stock options costs, were 4 cents per share in the latest quarter.

Revenue rose 11 percent to $53.7 million from $48.5 million.

Analysts, on average, projected profit of 2 cents per share on revenue of $52.6 million, according to a poll by Thomson Reuters.

For the full year, the company posted a loss of $3.2 million, or 5 cents per share, compared with a loss of $959,000, or 2 cents per share, a year earlier.

Revenue rose 5 percent to $194.3 million.

Shares fell 21 cents, or 2.1 percent, to $9.80 in after-hours trading. The stock earlier closed down 12 cents at $10.01

E-mail E-mail article      Print Print      Share Share

More Business & Technology

UPDATE - 09:46 AM
Exxon Mobil wins ruling in Alaska oil spill case

UPDATE - 09:32 AM
Bank stocks push indexes higher; oil prices dip

UPDATE - 08:04 AM
Ford CEO Mulally gets $56.5M in stock award

UPDATE - 07:54 AM
Underwater mortgages rise as home prices fall

NEW - 09:43 AM
Warner Bros. to offer movie rentals on Facebook

More Business & Technology headlines...

Comments
No comments have been posted to this article.

advertising


Get home delivery today!

Video

Advertising

AP Video

Entertainment | Top Video | World | Offbeat Video | Sci-Tech

Marketplace

Advertising