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SUNNYVALE, Calif. - Blue Coat Systems Inc., which makes security equipment for corporate computer networks, on Thursday reported it swung to a loss in the fiscal first quarter as it digested an acquisition, but still met Wall Street expectations.
| BCSI | 7.63 |  0.37 |
The Sunnyvale, Calif.-based company lost $5.8 million, or 15 cents per share, in the May-July quarter, compared with a profit of $2.6 million, or 7 cents per share, in the year-ago period.
Excluding items such as charges connected to Blue Coat's acquisition of Packeteer, whose products help companies monitor and control the traffic flowing across their networks, Blue Coat earned 16 cents per share, matching the average estimate of analysts polled by Thomson Reuters.
Total sales climbed to $102.5 million from $62.4 million. Analysts expected $102 million in revenue.
For the August-October quarter, Blue Coat forecast sales between $116 million and $120 million with profit between 15 cents per share and 20 cents per share, excluding one-time charges. Analysts forecast revenue of $119 million with profit of 20 cents per share.
Blue Coat shares rose 10 cents to close at $15.88. In aftermarket activity, they added another 32 cents, or 2 percent, to $16.20.
NAME_Timothy F. Geithner AGE-BIRTH DATE-LOCATION-47; August 18, 1961, New York City.
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