Actuate edges Q3 estimates

Information delivery systems company Actuate beat Wall Street in its third quarter Wednesday, earning $3.4 million, or 5 cents a share, on sales of $29.5 million. Revenue jumped 136 percent from the year-ago quarter when it earned $1.5 million, or 2 cents a share, on sales of $12.5 million. First Call Corp. consensus expected it to earn 4 cents a share in the quarter. Actuate shares closed off $2.94 to $28.06 ahead of the earnings report. Full story. -- Larry Barrett, ZDNet Inter@ctive Investor