ClickSoftware beats sole analyst estimate by penny
ClickSoftware Technologies Ltd. (Nasdaq: CKSW), a provider of mobile workforce management and service optimization solutions, reported earnings for the third quarter a penny above a sole analyst’s estimate.
For the three months ended Sept. 30, the Israeli company recorded net income of $0.7 million, or $0.02 per share, compared with $0.8 million, or $0.03 per share, for the same quarter in 2006. The bottom-line beat the sole analyst’s estimate, as surveyed by Thomson.
Excluding expenses for share-based compensation, net income for the third quarter was $0.9 million, or $0.03 per share.
Total revenues were $10.1 million, an increase of 16% compared with $8.7 million for the parallel quarter of 2006. The sole analyst polled by Thomson had forecasted revenues of $10.49 million.
Shares of ClickSoftware (CKSW) slipped 10.94%, or $0.70, to $5.70 in pre-market trading. Shares of ClickSoftware have been trading in the range of $2.31 to $7.09 for the past 52 weeks.
