June 11, 2009 / 9:01 PM / 10 years ago

UPDATE 1-ArcSight Q4 results beat Street; Q1 view weak

* Q4 EPS $0.18 vs est. $0.13/shr * Q4 rev up 34 pct

* Sees Q1 EPS $0.03-$0.08 vs est. $0.09/shr * Shares down 13 pct

June 11 (Reuters) - ArcSight Inc ARST.O, a provider of security and compliance management software, posted a quarterly profit that topped market estimates, helped by higher product revenue, but forecast a weak first quarter, sending shares down 13 percent in after the bell trading.

The company reported fourth-quarter earnings of $4.3 million, or 13 cents a share, compared with a loss of $1.1 million, or 4 cents a share a year ago.

Excluding items, it earned 18 cents a share. Total revenue for the quarter rose 34 percent to $39.3 million, mainly helped by a 31 percent jump in product revenue.

Analysts on average were expecting earnings of 13 cents a share, before items, on revenue of $36.8 million, according to Reuters Estimates.

For the first quarter, the company forecast earnings of 3 cents to 8 cents a share, on an adjusted basis. It expects revenue to be $31 million to $34 million.

The company said the forecast was based on current business trends, an anticipated seasonally lower quarter and “visibility” from its fourth quarter performance.

Analysts on average were expecting earnings of 9 cents a share, before items, on revenue of $34.3 million.

Shares of ArcSight, which competes with Symantec Corp (SYMC.O) and EMC Corp EMC.N, were down by more than $2 at $15.81 in trading after the bell. They closed at $18.07 Thursday on Nasdaq. (Reporting by Bijoy Koyitty in Bangalore; Editing by Dinesh Nair)

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