Daytrading, Eminis, Forex trading, Swing Trading BREAKING NEWS - 481205
Hotty Miss  |  by www.tradingmarkets.com. All rights reserved. 6.11 | 20:41

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(RTTNews) - CORRECTION: In the previous article, it was erroneously stated in the headline that the third quarter non-GAAP EPS doubles. Instead, the company recorded a net income, compared to a net loss in the prior year period. The corrected version follows: Rainmaker Systems, Inc.

( | | | ) reported third quarter GAAP net income of $0.86 million or $0.06 per share, compared to a net loss of $0.

71 million or $0.03 per share in the third quarter last year. Non-GAAP net income, excluding stock based compensation, amortization of intangible assets from acquisitions and net revenue adjustments related to fair value purchase accounting was $1.

2 million or $0.08 per share, compared to a net loss of $0.46 million or $0.

04 per share in the prior year quarter. Revenue increased to a record $12.2 million, up 42% from $8.

59 million in the preceding year quarter. Looking forward, for the fiscal year 2006, the company raised its revenue estimates to range between $48 million and $48.5 million.

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