Macromedia Announces Q3 Earnings for 2002

 
Jan 10, 2003
January 22, 2003?Macromedia, Inc. announced third quarter fiscal year 2003 results. Net revenues for the three months ended December 31, 2002 were $82.6 million, compared with net revenues of $73.3 million reported in the same period a year ago. The gain announced by Macromedia exceeded Wall Street's expectations (one news source says it doubled Wall Street's projected figures), and Macromedia credited sales of Macromedia Studio MX as a factor. Macromedia's announcement had an immediate effect, sending the company's stock up by at least $2 a share and causing at least one financial advisor to upgrade Macromedia's rating.

The URLs below give more information on Macromedia's announcement.

Macromedia Reports Third Quarter Fiscal Year 2003 Financial Results (Macromedia.com, January 22, 2003)

Update 1-Macromedia Swings to Quarterly Profit (Forbes.com, January 22, 2003)

Macromedia Reports Third Quarter Fiscal Year 2003 Financial Results (Biz Ink, January 22, 2003)

Macromedia Posts Quarterly Profit (Forbes.com, January 22, 2003)

Merrill Upgrades Macromedia to 'Neutral' (BusinessWeek.com, January 23, 2003)

Macromedia Shares Up 20 Pct on Analyst Upgrade (Forbes.com, January 23, 2003)

Tech Stocks Rebound Amid Encouraging Earnings Reports (Quicken.com, January 23, 2003) (Link may have moved)

Nasdaq Up 13.50 at Midday as Investors Eye Earnings (Quicken.com, January 23, 2003) (Link may have moved)

Stock Rating Reiterations Closing Update: January 21, 2003 (Yahoo.com, January 21, 2003)


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