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Technology Stocks : Ascend Communications (ASND)
ASND 204.41-1.0%Nov 14 3:59 PM EST
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To: Sector Investor who wrote (43635)4/10/1998 3:29:00 PM
From: Narotham Reddy  Read Replies (1) of 61433
 
WSJ 4/10 - North American Sales Help Beat Quarterly Forecast

The Wall Street Journal -- April 10, 1998
Business Brief -- ASCEND COMMUNICATIONS INC.:
North American Sales Help Beat Quarterly Forecast

Ascend Communications Inc. beat first-quarter expectations because of
strong sales in the North America, the company said. The Alameda, Calif.,
networking-equipment maker said it earned $52.4 million, or 26 cents a
diluted share, reversing a loss of $163.2 million, or 88 cents a share, a year
ago. Last year's loss resulted from charges from the company's merger with
Cascade Communications. A consensus of Wall Street analysts, compiled
by First Call, had expected the company to earn 25 cents a share. Revenue
for the quarter rose 4.2% to $305.1 million from $292.7 million. Shares in
Ascend, which released the results after the market closed, fell 81.25 cents
to close at $39.875 on the Nasdaq Stock Market.
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