Dow Jones Newswires -- July 24, 1997
Antec Corp. 2Q Net 3c A Share Vs 19c
Antec Corp. - Rolling Meadows, Ill.
Quar June 30:
1997 1996
Sales $124,262,000 $188,742,000
Net income 983,000 7,540,000
Avg shrs 38,452,000 39,568,000
Shr earns
Net income .03 .19
Antec Corp. (ANTC) said latest-quarter gross margins rose to 27% from 25.5% a year earlier.
Antec Corp. - Rolling Meadows, Ill.
6 Months June 30:
1997 1996
Sales $244,296,000 $371,891,000
Net income a (15,141,000) 15,010,000
Avg shrs (primary) 38,436,000 39,583,000
Shr earns (primary)
Net income a (.39) .38
Figures in parentheses are losses.
a. Includes charge of 44 cents a share related to the merger with TSX Corp.
An Antec Corp. (ANTC) spokesman attributed the company's lower earnings in the latest quarter
to decreased sales to Tele-Communications Inc. (TCOMA) as a result of that company's decision
in late 1996 to halt capital expenditures, and to the completion of sales to an Australian company.
Antec Corp. is an international communications technology company. |
