Websense moves to 1st-quarter profit on smaller one-time costs, revenue uptick

Websense moves to 1st-quarter profit

SAN DIEGO — Websense Inc. posted a small first-quarter profit Tuesday, helped by smaller one-time expenses and an uptick in revenue.

The company, which provides Internet filtering and security software, said it is signing longer and bigger contracts.

It earned $835,000, or 2 cents per share, after a loss of $1.1 million, or 2 cents per share, in the year-ago quarter.

Excluding unusual items such as stock-based compensation and restructuring charges, Websense said it would have earned 26 cents per share, down from 32 cents per share a year ago.

Revenue climbed 2.8 percent to $79.8 million.

Results fell short of Wall Street expectations. On average, analysts surveyed by Thomson Reuters expected 27 cents per share on revenue of $82.6 million.

Websense shares fell $1.49, or 6 percent, to $22.50 in extended trading.

Looking ahead, the company forecast a first quarter adjusted profit of 26 cents to 29 cents per share and revenue of $82 million to $84 million.

Analysts expect 29 cents per share on revenue of $84.3 million.