Symbolic Logic Inc. (EVOL)

[eastunder]

EVOL: Q4 Adj EPS 13c vs 17c Misses 17c Est

Tuesday , March 08, 2011 16:23ET

QUARTER RESULTS
Evolving Systems Inc (EVOL) reported Q4 results ended December 2010. Q4 Revenues were $8.60M; -12.33% vs yr-ago; MISSING revenue consensus by -13.39%. Q4 EPS was 10c. Adjusted Q4 EPS was 13c; -23.53% vs yr-ago; MISSING earnings consensus by -23.53%.

Q4 RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Revenues:         $8.60M        $9.81M     -12.33%        $9.93M     -13.39% 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 EPS:                 10c           N/A         N/A           N/A         N/A 
 Adj EPS:             13c           17c     -23.53%           17c     -23.53% 
 ----------  ------------  ------------  ----------  ------------  ----------

YEAR-END RESULTS
Co. also reported Year-End results ended December 2010. FY Revenues were $37.30M; -2.36% vs yr-ago; MISSING revenue consensus by -3.44%. FY EPS was 49c. Adjusted FY EPS was 62c; +1.64% vs yr-ago; MISSING earnings consensus by -7.46%.

FY RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Revenues:        $37.30M       $38.20M      -2.36%       $38.63M      -3.44% 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 EPS:                 49c           N/A         N/A           N/A         N/A 
 Adj EPS:             62c           61c      +1.64%           67c      -7.46% 
 ----------  ------------  ------------  ----------  ------------  ----------