Stratex Networks, Inc. (STXN) Message Board

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Technology Stocks : Stratex Networks, Inc. (STXN)

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To: The Ox who wrote (1728)	8/3/2006 8:17:40 AM
From: Rob Preuss	Read Replies (1) of 1762

Stratex Networks Swings To 1Q Profit On 21% Sales Boost Thursday August 3rd, 2006 / 0h14 DOW JONES NEWSWIRES Stratex Networks Inc. (STXN) swung to a fiscal first-quarter profit of $1.82 million, or 2 cents a share, from a year-earlier loss of $4.17 million, or 4 cents a share, as sales rose 21%. Excluding stock-option expenses, the San Jose wireless transmission systems company swung to a non-GAAP profit of 5 cents a share from a non-GAAP loss of 4 cents a share. For the fiscal first quarter ended June 30, sales rose to $66.2 million from $54.9 million. The company expects second-quarter earnings, excluding stock-option expenses, of 4 cents to 6 cents a share, on revenue of $63 million and $66 million. In after-hours trading on Nasdaq, the company's shares fell to $3.34 from its close of $3.56 in Nasdaq composite trading.

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