Michael any thoughts TIA john
NMSS down to 9-10 level.Natural MicroSystems 4th-Qtr Results Miss Forecast
Framingham, Massachusetts, Jan. 18 (Bloomberg) -- Natural MicroSystems Corp. fell 20 percent after the maker of hardware and software for communications networks reported fourth-quarter results that were below analysts' expectations.
Natural MicroSystems shares fell $2.44 to $9.50 in Nasdaq Stock Market trading of 6.9 million shares, more than five times the three-month daily average.
The Framingham, Massachusetts-based company's loss widened to $18.6 million, or 51 cents a share, from $8.2 million, or 34 cents, in the year-earlier period.
Excluding goodwill and amortization charges, the company said it would have earned $688,000, or 2 cents a share, compared with a year-earlier loss of $715,000, or 3 cents. On that basis, the company was expected to earn 6 cents, the average estimate of nine analysts polled by First Call/Thomson Financial.
While customers didn't cancel orders in the recent quarter, they reduced quantities and delayed shipments to this year's first quarter, said Chief Financial Officer Robert Hult. He expects that to continue in the first two quarters.
Hult said sales will be unchanged or down 10 percent to 15 percent in the first two quarters. He expects third-quarter revenue to increase 10 percent over the second quarter.
Jan/18/2001 16:09 ET |
