rsas: +4 to 20.55
RSA Security (RSAS:Nasdaq - commentary - research - Cramer's Take) shares moved higher after the security technology company beat Wall Street's first-quarter earnings expectations. The company's net profit fell to $5.3 million, or 7 cents a share, from $7.2 million, or 10 cents a share a year ago, but the year-earlier results didn't include stock-option costs. Excluding some items, the company earned $10.5 million, or 14 cents a share. Revenue grew to $87.5 million from $75.6 million. Analysts had forecast earnings of 13 cents a share, before items, on revenue of $85.5 million.
For the second quarter, RSA projects revenue of $88 million to $92 million and earnings before items of 14 cents to 16 cents a share. Analysts, on average, predicted earnings of 14 cents a share and revenue of $87.6 million. Shares rose 68 cents, or 4%, to $17.50 in after-hours trading.
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