October 25, 2007 / 10:43 PM / 11 years ago

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

(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) 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 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)

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