UPDATE 1-Digital River's quarterly profit rises, shares up

viernes 26 de octubre de 2007 00:38 CEST

(Recasts, adds outlook, details, share movement)

Oct 25 (Reuters) - Digital River Inc DRIV.O, which manages online businesses, said quarterly profit rose on growth in its international markets and software and shareware businesses, and forecast fourth-quarter revenue above analysts' view.

Shares of the company, whose clients include Symantec Corp (SYMC.O: Cotización) and CA Inc CA.N, were up more than 7 percent in late electronic trade after closing at $45.11 Thursday on the Nasdaq.

Third-quarter net income was $15.3 million, or 35 cents a share, compared with $14.8 million, or 33 cents a share, in the year-ago period.

Excluding items, Digital River earned 41 cents per share, which was in line with Wall Street expectations.

The company, which competes with companies like Germany's Asknet (A5AGn.DE: Cotización) and GSI Commerce Inc GSIC.O, said revenue rose 10 percent to $82.5 million. Analysts were expecting $81.6 million, according to Reuters Estimates.

The company forecast fourth-quarter earnings of 53 cents a share, before items, on revenue of $96 million. Analysts were expecting earnings of 54 cents a share on revenue of $93.9 million. (Reporting by Savio D'Souza in Bangalore)