Looks like it's Newbridge's turn on the firing line:
KANATA, Ontario -(Dow Jones)- Newbridge Networks Corp., a
manufacturer of computer networking products, late Monday said it
expects net income for its fiscal second quarter ended Nov. 2 to be 10%
to 15% less than first-quarter earnings per share.
For the first quarter ended Aug. 3, 1997, the company posted net
income of 37 Canadian cents a primary share and 34 Canadian cents a
diluted share. In U.S. dollars, Newbridge Networks (NN) posted
first-quarter net income of 26 cents a share.
Kanata, Ontario-based Newbridge Networks said it expects
second-quarter revenue to be about equal to first-quarter revenues of
C$435 million.
The company said revenue for its time division multiplexer business
is expected to be about equal to the business' revenues for the first
quarter.
The company said wide-area network packet revenue, made up of frame
relay and asynchronous transfer mode systems, are expected to increase
sequentially by about 15% compared with the first quarter.
The mean estimate of analysts surveyed by First Call is for net
income of 31 U.S. cents a share for the second quarter.
For the second quarter ended Oct. 27, 1996, Newbridge Networks posted
net income of C$62.8 million, or 37 Canadian cents a primary share or 36
Canadian cents a diluted share. In U.S. dollars, the company posted net
income of 36 cents a share.
Final results for the second quarter are to be released on Nov. 25. |
