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Technology Stocks : MRV Communications (MRVC) opinions?
MRVC 9.975-0.1%Aug 15 5:00 PM EST

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To: bob zagorin who wrote (38917)5/7/2002 4:27:15 PM
From: Greg h2o  Read Replies (1) of 42804
 
Tuesday May 7, 4:23 pm Eastern Time
Reuters Business Report
Cisco Earnings More Than Triple

SAN JOSE, Calif. (Reuters) - Cisco Systems Inc. (NasdaqNM:CSCO - news), the No. 1 maker of gear that directs Internet traffic, on Tuesday bounced back with quarterly earnings that more than tripled last year's weak results.

The San Jose, California-based company said fiscal third-quarter earnings before one-time items rose to $838 million, or 11 cents a share, from $230 million, or 3 cents a share, in the year-ago quarter.

Analysts were expecting Cisco to earn 9 cents a share, with a range of estimates from 7 cents to 10 cents, according to Thomson Financial/First Call.

Revenue in the third quarter ended April 27 rose to $4.8 billion from $4.73 billion last year.
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