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AVG Technologies NV Issues Q4 2012 Guidance; Revenue Guidance Above Analysts' Estimates; Raises FY 2012 Guidance


Wednesday, 31 Oct 2012 04:15pm EDT 

AVG Technologies NV announced that for the fourth quarter of 2012, it expects revenue to be in the range of $94.0 million to $98.0 million, Net income to be in the range of $9.0 million to $10.0 million; diluted EPS to be in the range of $0.16 to $0.18, Non-GAAP adjusted net income to be in the range of $14.0 million to $15.0 million and non-GAAP diluted EPS to be in the range of $0.25 to $0.27. For fiscal 2012, it expects revenue to be in the range of $354.0 million to $358.0 million, Net income to be in the range of $50.0 million to $51.0 million, diluted EPS to be in the range of $0.91 to $0.93, Non-GAAP adjusted net income to be in the range of $73.0 million to $74.0 million and non-GAAP diluted EPS to be in the range of $1.34 to $1.36. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $90 million, net income of $15 million and EPS of $0.26 for the fourth quarter of 2012; revenue of $340 million, net income of $65 million and EPS of $1.19 for fiscal 2012. 

Company Quote

16.69
0.08 +0.48%
10:55am EDT