ArcSight Up as Q4 Beats

ArcSight Inc. (ARST - Snapshot Report) posted a higher-than-expected fiscal fourth-quarter profit late Thursday. Shares are up more than 2% so far today.

Earnings came in at 13 cents per share, beating estimates by an average of 85.71%. Total revenue climbed 34% to $39.3 million, thanks to a significant increase in product revenue.

ArcSight expects adjusted earnings of 3 cents to 8 cents a share for fiscal first quarter. Revenue is expected to be in the range of $31 million to $34 million. Analysts see earnings of 4 cents per share.

The average forecast for the fiscal year ending April 2010 is 33 cents per share, which has been unchanged for several months now.

This Zacks #3 Rank ("Hold") company is trading on heavy volume of 2.4 million shares, against the daily average of 458,711.