Datawatch Corp. swings to a profit, reports Q4 EPS above sole analyst's estimate
Enterprise information management firm Datawatch Corp. (Nasdaq: DWCH), reported this morning that it swung to a profit in its fourth quarter and beat a sole analyst’s estimates.
For three months ended Sept. 30, the Chelmsford, Mass.-based firm recorded net income of $0.83 million, or $0.14 per diluted share, compared with a net loss of $0.53 million, or $0.10 per share. Earnings were well above the $0.06 an analyst polled by Thomson was forecasting.
Revenues were $6.85 million, above the $6.16 million an analyst polled by Thomson was projecting. The current quarter’s revenue also represented a 29% increase over the $5.33 million earned in the fourth quarter of 2006.
Shares of Datawatch (DWCH) jumped 27.5%, or $1.32, to $6.12 ahead of the opening. Shares of Datawatch have been trading in the range of $1.60 to $6.39 for the past 52 weeks.
