SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Ascend Communications (ASND)
ASND 213.290.0%Jan 2 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Finder who wrote (8391)8/11/1997 11:49:00 AM
From: David Lawrence   of 61433
 
NEW YORK -(Dow Jones)- Shares of Ascend Communications Inc. Monday
were pressured after the company released July sales and earnings that
some market players said were below expectations.
In a Securities and Exchange Commission filing, Ascend said it had
sales of $62.8 million and net income of about $2.9 million, or 2 cents
a share, for the first month of the third quarter.
First Call Inc. has an earnings estimate of 36 cents a share for the
full quarter. Cowen & Co. analyst Chris Stix expects the company to post
revenue of $342.5 million for the full period.
Some analysts have said Ascend was expected to have somewhat of a
back-end loaded quarter, but Stix characterized the July figures as a
"light" beginning. He has a "neutral" rating on the stock.
Other market players also said the July data were disappointing.
Ascend earned 20 cents a share, including charges, on sales of $154.6
million in the year-ago third quarter.
Ascend shares (ASND) in late-morning trading were down $2.625, or
5.3%, to $46.813 on volume of 6.2 million, compared with average daily
volume of 8.2 million.
Company officials weren't immediately available for comment.
Copyright (c) 1997 Dow Jones & Company, Inc.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News