Smith Micro’s ’10 sales forecast matches estimates

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ALISO VIEJO, Calif. (AP) — Smith Micro Software Inc. offered a 2010 sales forecast Thursday in line with Wall Street expectations.

The company, which makes software for mobile devices, said it expects revenue of $125 million to $135 million. That would be up 17 percent to 26 percent from last year’s $107 million.

On average, analysts surveyed by Thomson Reuters forecast annual revenue of $129.4 million, with estimates ranging between $115 million and $139 million.

Shares of Smith Micro rose 4 cents to $8.44 in morning trading.