AVG Technologies Profit Tops Estimates; Reaffirms FY Guidance

(RTTNews) - AVG Technologies N.V. (AVG), a provider of online service solutions and Internet security software, on Wednesday reported second-quarter net earnings of $13.7 million or $0.26 per share compared with $8.6 million or $0.15 per share last year.

Excluding items, adjusted earnings for the quarter were $0.47 per share.

Revenues for the quarter were $107.8 million compared with $88 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.46 per share on revenues of $107.7 million for the quarter. Analysts' estimates typically exclude special items.

For the full year 2015, the company still expects adjusted earnings of $1.80 to $1.90 per share on revenues of $420 million to $440 million. Analysts expect earnings of $1.87 per share on revenues of $431.9 million.