RSA expects third-quarter loss

RSA Security expects to post a loss of between US$12.5 million and $14.1 million for the third quarter of 2001, the company said Monday. The company will announce its final results Oct. 11.

That figure, which would translate to a loss of between $0.21 and $0.24 per share, is substantially lower than the company's third quarter 2000 numbers, which saw RSA tally a $40 million profit, or $0.63 a share. RSA had said it expected to earn between $0.09 and $0.14 per share in the quarter when it announced its second quarter results in July. Consensus estimates taken from 18 analysts polled by the Web site had pegged RSA at reporting a $0.04 per share gain for the quarter, which ended Sept. 31.

Additionally, RSA said it expects revenue for the quarter to be between $62 million and $63 million, down from $72 million in the same quarter in 2000. When it announced its second quarter results, the company had said it expected to see between $72 million and $80 million in revenue this quarter.

RSA did not immediately return calls seeking comment.

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