Also, they are not going to review analyst's models, so that's interesting! Analysts are going to have to wing it! Don't know where the shares go this quarter, but they should ramp rapidly next Q with higher gross margins, revenue growth, and significantly exceeding the likely lowballed analyst's numbers. A shame the DSL sentiment is so negative at the moment....
Won't today's numbers help dispell worries? Making ten cents when they were expected to break even is absolutely stellar.
Looking at the broader technology market, I've put together a list of a few key numbers out today:
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Efficient Networks [EFNT]
Est. EPS: 0.00; Actual: 0.10
biz.yahoo.com
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DALLAS, Oct. 18 /PRNewswire/ -- Efficient Networks, Inc. (Nasdaq: EFNT - news), a leading worldwide provider of digital subscriber line (DSL) customer premises equipment (CPE) for the broadband access market, today reported its first quarter of operating profit and its fifth consecutive quarter of record revenues as a publicly held company.
Revenues for the quarter ending September 30, 2000 were $127.2 million, an increase of 24% over revenues of $102.4 million for the quarter ended June 30, 2000 and an increase of 864% over revenues of $13.2 million achieved in the comparable quarter a year ago. The company's sequential revenue growth rate over the past 12 months is more than 76% per quarter.
Operating profit for the quarter ended September 30, 2000, excluding merger costs, amortization of deferred stock option compensation and goodwill, was approximately $6.1 million, or $0.10 per share based on 58.5 million weighted average shares outstanding. This compares to an operating loss, excluding amortization of deferred stock option compensation and goodwill, of $1.8 million or $0.03 per share for the quarter ended June 30, 2000 based on 57.0 million weighted average shares outstanding. Weighted average shares outstanding for both quarters include 2.4 million shares issued in connection with the merger of MultiMedia Development Corporation (MMD).
Reviewing the first quarter, Efficient Networks Chairman, President and Chief Executive Officer Mark Floyd said: ``Our company achieved all of its goals during the quarter. We once again posted record revenue as demand remains very strong for our products. More importantly, we turned an operating profit for the first time in our history. We set a goal of operating profitability for our fifth quarter as a publicly held company at the time of our initial public offering in July of 1999. We not only met this timetable, we delivered operating profitability well beyond analyst estimates.''
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Newport Corp [NEWP]
Est. EPS: 0.21 Actual: 0.25
Sales from Fiber Optic Communications and Semiconductor Markets Increase 220 Percent
IRVINE, Calif.--(BUSINESS WIRE)--Oct. 18, 2000--Newport Corp. (Nasdaq:NEWP - news) today reported record sales for the third quarter and nine months ended Sept. 30, 2000, again marking significant year-over-year quarterly sales increases in its core fiber optic communications and semiconductor equipment markets. . . .
For the 2000 third quarter, net income was $8.2 million, or 25 cents per diluted share, up 306 percent from $2.0 million, or 7 cents per diluted share a year ago. Sales for the 2000 third quarter rose 87 percent to $66.6 million from $35.5 million in the third quarter of 1999.
Results in the third quarter reflected a 243 percent increase in fiber optic communications sales to $31.3 million, or 47 percent of total sales, and a 163 percent increase in semiconductor equipment sales to $10.1 million. Overall, these market segments contributed 62 percent of total sales.
America Online [AOL]
Est. EPS: 0.13 ; actual: 0.14
NEW YORK (Reuters) - America Online Inc.(NYSE:AOL - news), the world's largest Internet services provider, said on Wednesday its fiscal first-quarter earnings doubled from a year earlier as subscriber, advertising and e-commerce revenues drove growth.
Dulles, Va.-based AOL said its fiscal first-quarter earnings, excluding extraordinary items, rose to $340 million, or 14 cents a share, compared to $182 million, or 7 cents a share.
Revenue climbed 34 percent to $2.0 billion compared to $1.5 billion a year-earlier.
The closely watched advertising and e-commerce revenue rose 80 percent to $649 million, within analysts' estimates.
Broadcom [BRCM]
Est. EPS: .24; actual: .30
IRVINE, Calif.--(BUSINESS WIRE)--Oct. 18, 2000--Broadcom Corporation (Nasdaq: BRCM - news) today reported record revenue and profit for its third fiscal quarter, ended September 30, 2000.
Revenue for the third quarter was a record $319.2 million, an increase of 128.7% over the $139.6 million reported in the third quarter of 1999 and an increase of 30.2% over the $245.2 million reported in the second quarter of 2000. Pro forma net income was a record $78.7 million, or $.30 per share (diluted). This compares with pro forma net income of $28.7 million, or $.12 per share (diluted), for the same quarter in 1999 and with pro forma net income of $61.1 million, or $.24 per share (diluted), in the second quarter of 2000. Diluted earnings per share for the quarter were based on 264.8 million weighted average shares outstanding, compared to 238.3 million weighted average shares outstanding in the third quarter of 1999 and to 253.9 million weighted average shares outstanding in the second quarter of 2000.
Microsoft [MSFT]
Est. EPS: 0.41; actual: 0.46
Microsoft, which makes the Windows operating system that runs most personal computers, said its net profit in its first quarter ended Sept. 30 rose to $2.58 billion, or 46 cents a share, from $2.19 billion, or 40 cents a share, a year earlier. Including a change in how it must account for some hedging activities, the profit was 40 cents a share.
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Hoping we get an "all clear" tomorrow.
Pat |
