• News
  • SAN DIEGO
  • General

Revenues rise, stock falls at Websense

Related Special Reports

San Diego’s Websense Inc. (Nasdaq: WBSN), which produces software and security systems to defend against cyber attacks, reported record income of $122 million for the fourth quarter, rising 5 percent over last year.

The company net earnings totaled $3.8 million in the fourth quarter, or 10 cents per share, compared to $10.4 million, or 27 cents per share, in the same period of 2011. But after adjusting for one-time expenses, per-share earnings came to 28 cents -- roughly what the company had forecast three weeks ago.

In late afternoon trading, Websense’s stock price plunged nearly 3 percent, which some wire services attributed to investors’ disappointment with the results. But the drop began at around 2:52 p.m. in New York, more than an hour before the financial statements were released. By the close of trading, the price had begun to recover, although it took a slight hit after Websense projected that its first-quarter sales wouldn’t match Wall Street’s expectations.

Leave Your Comment

Comments are moderated by SDDT, in accordance with the SDDT Comment Policy, and may not appear on this commentary until they have been reviewed and deemed appropriate for posting. Also, due to the volume of comments we receive, not all comments will be posted.

SDDT Comment Policy: SDDT encourages you to add a comment to this discussion. You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law. All comments should be relevant to the topic and remain respectful of other authors and commenters. You are solely responsible for your own comments, the consequences of posting those comments, and the consequences of any reliance by you on the comments of others. By submitting your comment, you hereby give SDDT the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying and other information you provide via all forms of media now known or hereafter devised, worldwide, in perpetuity. SDDT Privacy Statement.

User Response
0 UserComments

Leave Your Comment

Comments are moderated by SDDT, in accordance with the SDDT Comment Policy, and may not appear on this commentary until they have been reviewed and deemed appropriate for posting. Also, due to the volume of comments we receive, not all comments will be posted.

SDDT Comment Policy: SDDT encourages you to add a comment to this discussion. You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law. All comments should be relevant to the topic and remain respectful of other authors and commenters. You are solely responsible for your own comments, the consequences of posting those comments, and the consequences of any reliance by you on the comments of others. By submitting your comment, you hereby give SDDT the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying and other information you provide via all forms of media now known or hereafter devised, worldwide, in perpetuity. SDDT Privacy Statement.