AVG Technologies Q2 Profit Rises - Quick Facts

(RTTNews) - AVG Technologies N.V. (AVG) reported that its second-quarter net income increased to $21.7 million, or $0.39 per share, from $11.0 million, or $0.20 per ordinary share in the prior year's second quarter. Non-GAAP adjusted net income for the second quarter of 2013 was $29.4 million, or $0.54 per share.

On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $0.42 for the quarter. Analysts' estimates typically exclude special items.

Revenue was $100.4 million, compared to $82.5 million in the second quarter of 2012, an increase of 22 percent. Analysts expected revenue of $100.50 million for the quarter.

AVG raised its outlook for fiscal 2013. The company now expects revenue to be in the range of $416 million to $427 million; EPS to be in the range of $1.35 to $1.55; and non-GAAP EPS to be in the range of $2.00 to $2.10. Analysts expect the company to report fiscal 2013 profit per share of $1.91 on revenue of $418.79 million.

For the third quarter of 2013, the company expects its revenue to be in the range of $100 million to $104 million; EPS to be in the range of $0.26 to $0.35; and non-GAAP EPS to be in the range of $0.44 to $0.49. Analysts expect the company to report third-quarter profit per share of $0.46 on revenue of $104.37 million.