EARNINGS REPORTING - surprises, misses & more Message Board

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Non-Tech : EARNINGS REPORTING - surprises, misses & more

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To: 2MAR$ who wrote (456)	1/19/2001 7:38:47 AM
From: ~digs	Read Replies (1) of 762

Friday January 19, 4:53 am Eastern Time ADC quarterly earnings to miss estimates (UPDATE: Adds details, stock activity, previous MINNEAPOLIS) NEW YORK, Jan 19 (Reuters) - Telecommunications equipment maker ADC Telecommunications Inc. (NasdaqNM:ADCT - news) early on Friday said its fiscal first-quarter earnings would fall short of Wall Street estimates because its customers have been spending less. The Minneapolis-based company said it expected to post pro forma earnings in the range of five and seven cents a share for the three months ended Jan. 31. That compared with the consensus analysts' estimate of 12 cents a share, according to market research firm First Call/Thomson Financial. biz.yahoo.com

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