TLGD ($33-$24) P/E 16..misses by 1 cent, misses on rev's, warns...
1/24..07:08 ET Tollgrade Comm (TLGD) 31.91: Posts Q4 net of $0.15 a share, $0.01 worse than consensus, vs yr-ago EPS of $0.58. Sales fell to $16.4 mln, below consensus of $18.06 mln. Co warns for Q1, projecting EPS of $0.06-$0.10 (consensus $0.15).
Thursday January 24, 6:31 am Eastern Time
Tollgrade 4th Qtr profits slump on weak demand
PITTSBURGH, Jan 24 (Reuters) - Tollgrade Communications (NasdaqNM:TLGD - news), which makes testing equipment for telephone and cable lines, on Thursday said its fourth-quarter profits slumped as service carriers curtailed spending in a weaker economy.
The company reported income of $1.9 million, or 15 cents per share, compared with $7.8 million, or 58 cents per share, a year earlier.
Tollgrade Communications reported revenue of $16.4 million compared with $32.5 million a year earlier.
For the first-quarter, Tollgrade sees earnings of 6 cents to 10 cents per share and revenues of $16 million to $18 million. |
