| Tech Stock News and Analysis |
|
|
| Wednesday, July 12, 2006 |
Intergraph Raises 2nd-Quarter Operating Income and Sales Outlook
HUNTSVILLE, Ala. -- Intergraph Corp., a mapping and design software maker, said late Tuesday it expects second-quarter results to top previous guidance.
Operating income for the quarter is expected to range from $11.3 million to $12.3 million, up from previous guidance of $5 million to $7 million.
Quarterly revenue is now expected to range between $151 million and $153 million, ahead of a previous forecast for $145 million to $147 million.
Operating income for the full year is now expected to be $48.6 million to $52.6 million, up from earlier guidance for $42.8 million to $47.8 million.
The company also backed its previous full-year revenue projection for $600 million to $610 million.
"The increased financial guidance reflects better than anticipated second quarter results and continued operating improvements in both our PP&M (power process and marine)and SG&I (Security, Government & Infrastructure) divisions," President and Chief Executive R. Halsey Wise said in a statement.
Shares of Intergraph were trading at $33 in the premarket session, up $2.38, or 7.8 percent from Tuesday's closing price of $30.62 on the Nasdaq. |
|
|
|
|
| Previous Post |
|
| Archives |
|
| Links |
|
| Powered by |
 |
|
