Double-Take Sees Revenue Weakest in 1Q

SOUTHBOROUGH, Mass. (AP) -- Double-Take Software Inc., a provider of data replication and storage software, on Friday predicted first-quarter and full year profit above analyst estimates.

The guidance, however, came with the caveat that software revenue is seasonally lowest in the first quarter and strongest in the fourth.

Double-Take expect first-quarter earnings to be between 9 cents and 10 cents per share on revenue of $17 million to $17.5 million.

Analysts polled by Thomson Financial see earnings of 8 cents on revenue of $16.4 million.

For the year, Double-Take predicts earnings between 52 cents and 58 cents on revenue between $78 million and $80 million.

Analysts polled by Thomson Financial expect earnings of 46 cents on revenue of $77.2 million.