Quest Software beats analyst views in 3rd qtr

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SAN FRANCISCO (AP) — Quest Software Inc. shares rose Friday after the business software maker reported third-quarter results ahead of analyst expectations.

Quest earned $21.5 million, or 25 cents per share, for the quarter that ended Sept. 30, down 25 percent from $28.5 million, or 31 cents per share, in the third quarter a year earlier.

Excluding one-time items, Quest earned 41 cents per share. Analysts polled by FactSet expected 35 cents per share.

Revenue rose 14 percent year over year to $220 million. The company’s license revenue rose to $87.9 million from $80.6 million, while services revenue rose to $132 million from $112 million.

Analysts expected total revenue of $216 million in the latest quarter.

The company’s shares rose $1.47, or 8.2 percent, to finish trading at $19.48.