[OT] Pairgain Technologies (PAIR.O) Q3 results
TUSTIN, Calif., Oct. 8 (Reuter) -
(In thousands, except per share data)
Quarter Ended Nine Months Ended
9/30/97 9/30/96 9/30/97 9/30/96
(Restated) (Restated)
Revenues $ 70,697 $ 54,618 $ 207,815$ 142,370
Cost of goods sold 35,772 28,469 105,135 74,515
Gross margin 34,925 26,149 102,680 67,855
Research and
development 8,694 5,453 22,387 13,764
Selling and
marketing 5,868 4,763 16,609 12,850
General and
administrative 2,778 2,678 7,680 7,485
Merger expenses -- -- 2,642 --
Total operating expenses
17,340 12,894 49,318 34,099
Operating income 17,585 13,255 53,362 33,756
Interest and other
income, net 1,321 867 4,156 2,526
Income before
income taxes 18,906 14,122 57,518 36,282
Provision for
income taxes 7,109 5,654 22,627 14,268
Net income 11,797 8,468 34,891 22,014
Earnings per share 0.16 0.11 0.46 0.30
Average shares
outstanding 75,165 74,347 75,147 73,576
REUTER
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