* Q3 adj shr loss $0.02 vs est EPS $0.01
* Q3 rev $40.1 mln vs est $46.4 mln
* Shares down 17 pct
April 28 (Reuters) - Openwave Systems Inc posted a surprise third-quarter loss due in part to a drop in license revenue, sending its shares down 17 percent in extended trade.
Net loss was $4.2 million, or 5 cents a share, compared with a loss of $7.8 million, or 9 cents a share, in the year-ago period.
Excluding items, Openwave's net loss was 2 cents per share. Analysts expected a profit of one cent a share, according to Thomson Reuters I/B/E/S.
Revenue fell over 10 percent to $40.1 million, trailing Wall Street estimates of $46.4 million.
License revenue dropped nearly 25 percent to $12.5 million.
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(Reporting by Deepti Govind in Bangalore; Editing by Ratul Ray Chaudhuri) Keywords: OPENWAVE/ (deepti.govind@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: deepti.govind.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Q3 rev $40.1 mln vs est $46.4 mln
* Shares down 17 pct
April 28 (Reuters) - Openwave Systems Inc posted a surprise third-quarter loss due in part to a drop in license revenue, sending its shares down 17 percent in extended trade.
Net loss was $4.2 million, or 5 cents a share, compared with a loss of $7.8 million, or 9 cents a share, in the year-ago period.
Excluding items, Openwave's net loss was 2 cents per share. Analysts expected a profit of one cent a share, according to Thomson Reuters I/B/E/S.
Revenue fell over 10 percent to $40.1 million, trailing Wall Street estimates of $46.4 million.
License revenue dropped nearly 25 percent to $12.5 million.
For the alerts, click here.
(Reporting by Deepti Govind in Bangalore; Editing by Ratul Ray Chaudhuri) Keywords: OPENWAVE/ (deepti.govind@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: deepti.govind.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.