Internet Security Systems' 3Q Profits Fall 21%Internet Security Systems' 3Q Profits Fall 21%

Security vendor Internet Security Systems Inc. said Tuesday that profits for its third quarter ended Sept. 30 fell 21% from the year-ago quarter.

Revenue for the quarter fell slightly, to $60 million from $61.7 million a year ago, the company said, and revenue for the first nine months of the year was $178.7 million, down slightly from $180.2 million for the same period last year.

Under generally accepted accounting principles, ISS reported net income of $5.04 million, or 10 cents per share, for the quarter, compared with $6.3 million, or 13 cents per share, for the same period last year.

For the fourth quarter, ISS expects revenue of $61 million to $66 million, and it projects yearly revenue of $240 million to $245 million.