AVG Q4 Profit Beats Estimates; Issues FY14 Guidance - Quick Facts

(RTTNews) - AVG Technologies N.V. (AVG) reported that its fourth-quarter net income increased to $12.8 million, or $0.23 per ordinary share, from $4.9 million, or $0.09 per ordinary share, prior year. Non-GAAP adjusted net income for the fourth quarter of 2013 was $28.2 million, or $0.52 per ordinary share.

On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $0.41 for the quarter. Analysts' estimates typically exclude special items.

Revenue was $101.9 million, compared to $95.2 million, an increase of 7%. Analysts expected revenue of $95.22 million for the quarter.

In the fourth quarter active users increased to 177 million, and mobile users rose to 68 million. Subscription revenue increased 25% to $67.3 million.

The company expects its fiscal 2014 revenue in the range $365 million to $405 million, and non-GAAP earnings per share in the range of $1.80 to $2.10. Analysts expect the company to report fiscal 2014 profit per share of $1.92 on revenue of $394.31 million.