Tuesday, March 26, 2013

Nice Systems Q3 Tops Views

Nice Systems (NICE), a provider of security and surveillance systems, this morning posted better-than-expected results for the third quarter.

NICE posted Q3 revenue of $176 million, with non-GAAP profits of 45 cents a share, edging the Street consensus at $172.7 million and 43 cents.

For Q4, the company sees revenue of $177 million to $182 million, with non-GAAP profits of 47-51 cents a shares; the Street has been expecting $177 million and 49 cents.

Nonetheless, NICE this morning is off 19 cents, or 0.6%, to $32.31.

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