Software developer FileNet Corp. and disk drive maker Western Digital Corp. beat expectations with results for the recently ended quarter, while networking products maker Emulex Corp. fell short.
FileNet, which makes business software, posted fourth-quarter net income of $14.8 million, down 12% from a year earlier.
Analysts had estimated net income of $10.4 million.
The company’s revenue rose 7.5% to $115.6 million. Analysts had estimated revenue of $110.8 million.
FileNet makes software and provides services for managing documents on
corporate networks.
The company’s stock rose nearly 4% in trading Thursday after the announcement. FileNet counts a market value of $1.2 billion.
Lake Forest-based Western Digital crushed analysts’ earnings estimates for the recently ended quarter.
The company posted net income of $104.3 million, an 86% increase from the year-ago period.
Analysts had estimated earnings of $79.8 million.
The company posted revenue of $1.12 billion during the quarter, up 17% from the year-ago period. Analysts were looking for revenue of $1.06 billion.
Western Digital’s shares shot up more than 5% in afterhours trading with a market value of nearly $5 billion.
Costa Mesa-based Emulex fell more than 5% after the company failed to meet analysts estimates for the quarter ending Jan. 1.
The maker of host bus adapters reported earnings of $17.2 million, up 19% from a year earlier.
Excluding stock-based compensation costs, the company posted net income of $25.6 million, up 33%.
Analysts, who often exclude stock option costs, were looking for net earnings of $26.5 million.
The company’s revenue missed expectations at $110.3 million, up 20% from the year-ago period.
Analysts were looking for $111 million.
The company’s guidance for the current quarter was more mixed.
