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AVG Technologies NV Issues Q3, FY 2013 Guidance; Q3, FY 2013 Earnings Guidance Above Analysts' Estimates


Thursday, 1 Aug 2013 04:15pm EDT 

AVG Technologies NV announced that for fiscal 2013, it expects revenue to be in the range of $416 million to $427 million. Net income is expected to be in the range of $75 million to $86 million; diluted EPS is expected to be in the range of $1.35 to $1.55. Non-GAAP adjusted net income is expected to be in the range of $110 million to $116 million; non-GAAP diluted EPS is expected to be in the range of $2.00 to $2.10. For the third quarter of 2013, it expects revenue to be in the range of $100 million to $104 million. Net income is expected to be in the range of $15 million to $19 million; diluted EPS is expected to be in the range of $0.26 to $0.35. Non-GAAP adjusted net income is expected to be in the range of $25 million to $27 million; non-GAAP diluted EPS is expected to be in the range of $0.44 to $0.49. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $418 million, net income of $105 million and EPS of $1.91 for fiscal 2013; revenue of $100 million, net income of $23 million and EPS of $0.42 for the third quarter of 2013. 

Company Quote

22.57
0.19 +0.85%
27 Feb 2015