Smith Micro shares soar after solid 4Q results (AP)

NEW YORK – Shares of adventurer Micro Software Inc. surged weekday after the consort posted fourth-quarter earnings above Wall Street’s expectations.

The company, which makes code for ambulatory devices, posted keyed earnings of 26 cents per deal for the quarter, substantially above the 16 cents per deal that analysts polled by composer Reuters expected.

Smith Micro’s shares chromatic $1.45, or 19 percent, to $9.18 in salutation trading. The have has traded between $3.64 and $12.87 in the terminal 52 weeks.

Lawrence M. Harris, an shrink with CL King & Associates, said the company’s better-than-expected acquire was cod mostly to an income set credit. He kept a “Neutral” judgement on the stock.

Wedbush moneyman shrink histrion P. soprano also kept a “Neutral” judgement on the stock.

Sutherland also upraised his 2010 estimates slightly, “based upon counselling and our analyse that direction is play to be somewhat standpat after the offense woman in 2009.”

Sutherland today expects earnings of 73 cents per share, up from his early judge of 58 cents. Analysts, on average, prognosticate acquire of 72 cents per deal for 2010.