Retalix Ltd. clocks strong Q3
Software provider Retalix Ltd. (Nasdaq: RTLX) this morning reported robust third-quarter results buoyed by new contracts above Wall Street’s estimates.
For the three months ended Sept. 30, the Israeli small-cap recorded net income of $4.6 million, or $0.23 per share, above the consensus of two analysts polled by Thomson of $0.18 per share. The company earned $0.7 million, or $0.03 per diluted share, in the third quarter of 2006.
Total revenues climbed to $58.1 million, compared with $50.4 million in the third quarter of 2006. Three analysts surveyed by Thomson Financial were on average forecasting revenues of $57.78 million.
For the full 2007 year, the company commented that it expects total revenues to be above the midpoint of its guidance range with net income at the low end of the range through a few deals the company has in the works. Retalix stated that its unchanged business fundamentals coupled with strong demand for its products and long-term customer relationships support its estimates. Three analysts surveyed by Thomson Financial are projecting earnings of $0.77 per share on revenues of $228.62 million for the full year.
Shares of Retalix Shares (RTLX) were halted in pre-market trading.
