The enterprise software maker earned two cents per share in the third quarter, a penny above expectations. Under the terms of the agreement, Clarify shareholders will receive 1.3 shares of Nortel for each Clarify share held. In a separate release, Clarify said it expects to beat analyst's current third quarter estimates of 26 cents per share. The maker of productivity software beat expectations by three cents as second quarter earnings, excluding charges, climbed to 28 cents per share rom last year's 18 cents. Analysts had been looking for earnings of 20 cents per share in the quarter.
Trading is scheduled to begin today.
The largest Spanish language TV broadcaster beat estimates by four cents, earning 19 cents per share in its third quarter. Trading is scheduled to begin today. The company blamed the earnings shortfall on Hurricane Floyd and temporary operational problems. The company said it expects to meet estimates for the fourth quarter and full year. The company said it expects to meet or exceed fourth quarter earnings estimates.