SolarWinds Q3 Profit Rises

(RTTNews) - SolarWinds, Inc. (SWI) Tuesday reported third-quarter net income of $24.1 million or $0.32 per share, up from $22.8 million or $0.30 per share last year.

Adjusted earnings for the quarter were $0.50 per share, compared with $0.41 per share last year.

Total revenues for the quarter rose to $112.9 million from $87.9 million last year.

Analysts polled by Thomson Reuters expected the company to earn $0.43 per share on revenues of $110.4 million for the quarter. Analysts' estimates typically exclude special items.

Looking forward to the fourth quarter, the company expects adjusted earnings of $0.45 to $0.47 per share on revenues of $116.2 million to $118.5 million. Analysts currently estimate earnings of $0.46 per share on revenues of $116.6 million for the quarter.

For the full year 2014, the company now expects adjusted earnings of $1.77 to $1.79 per share on revenues of $426.5 million to $428.8 million. Analysts currently estimate earnings of $1.71 per share on revenues of $424.3 million for the year.

Earlier, the company expected adjusted earnings of $1.68 to $1.72 per share and revenues of $420.5 million to $426.5 million.