Blue Coat (BCSI $22.18 -0.18) reported fourth quarter earnings of
$0.30 per share, excluding non-recurring items, $0.01 worse than the Thomson
Reuters consensus of $0.31.
Revenues fell 9.0% year/year to $120.7 million versus the $121.5 million
consensus.
For the first quarter, the company issued earnings guidance of $0.18 to $0.25,
excluding non-recurring items, versus $0.33 Thomson Reuters consensus. Revenues
are expected to be $110 million to $117 million versus the $122.42 million
Thomson Reuters consensus.
"I am not satisfied with our revenue performance, as we did not deliver the
top-line results that I believe we are capable of. While Blue Coat is well
positioned in two great markets and possesses a strong and competitive product
portfolio, the company is in transition as we work to improve our revenue
performance."






