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Technology Stocks : Tollgrade Communications.....Nasdaq- TLGD

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To: J. Arzente who wrote (40)1/6/2000 10:18:00 AM
From: Charlie Smith  Read Replies (1) of 79
 
TLGD with a blowout quarter; stock surges:

Wednesday January 5, 6:59 pm Eastern Time

Tollgrade sees Q4 profits beating estimates

CHESWICK, Pa., Jan 5 (Reuters) - Tollgrade Communications Inc. (NasdaqNM:TLGD - news) said on Wednesday that it expects to post fourth-quarter profits of $0.75 per share, shattering consensus estimates due to strong sales.

Analysts polled by First Call/Thomson Financial expect the company to earn $0.38 per share.

Tollgrade predicted sales of at least $22 million during the fourth quarter.

The company attributed the strong results to increased sales of its next generation DigiTest system products to Sprint (NYSE:FON - news) as well as continued, strong sales of its flagship MCU test access technology.

Tollgrade said it expects a backlog at the end of the quarter to be at least $10 million, the majority of which will be shipped to customers in the first quarter of 2000.

The company said it expects to report quarterly results on Jan. 26, 2000.
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