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Non-Tech : EARNINGS REPORTING - surprises, misses & more -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (91)	5/16/2000 6:18:00 PM
From: Jack Hartmann	Respond to of 762

NVIDIA Corp NVDA EPS 0.47 Zack 0.39 Year ago 0.18 Revenue increase. 109.1% Never followed it but strong numbers Jack

To: 2MAR$ who wrote (91)	5/20/2000 12:06:00 PM
From: 2MAR$	Read Replies (1) \| Respond to of 762

Sycamore, Ciena Drop Despite Strong Earnings By Mark Weinraub NEW YORK (Reuters) - Shares of telecommunications equipment makers Ciena Corp. (NasdaqNM:CIEN - news) and Sycamore Networks Inc. (NasdaqNM:SCMR - news) fell sharply on Friday in an industry-wide slide, despite better-than-expected earnings reports from both companies. Ciena's shares fell 13-1/4 to 124-1/16 by early afternoon while Sycamore dropped 8-3/4 to 83-1/2. Both trade on the Nasdaq stock market. ``The whole group is down, everything,'' Brean Murray & Co. analyst Gina Sockolow said in a telephone interview. ``They both had fantastic earnings.'' Speak your mind Discuss this story with other people. [Start a Conversation] (Requires Yahoo! Messenger) Sockolow also said the top management of both companies provided positive outlooks on conference calls following their earnings release on Thursday afternoon. There was a general weakness in the telecommunications sector after a source close to the talks said European regulators expect difficulties in solving antitrust concerns over a planned $115 billion merger of WorldCom Inc. (NasdaqNM:WCOM - news) and Sprint Corp. (NYSE:FON - news). The North American telecommunications index (^XTC - news) was down 57.63, or 3.85 percent, at 1439.39. On Thursday, Ciena said it earned $18.4 million, or 12 cents per diluted share, in its fiscal second quarter ended April 30, compared with a loss of $985,000, or 1 cent per share, in the comparable period of 1999. The company, whose earnings beat Wall Street expectations of 10 cents per share, also reported rising revenues as its products gained traction in the marketplace. Sycamore reported a pro-forma third-quarter profit of 4 cents per diluted share, compared with a loss of 4 cents in the year-ago period. First Call/Thomson Financial, which tracks analysts estimates, said the consensus forecast was a 3 cent profit. Telecommunications analysts issued a slew of positive reports on both companies, praising their earnings and boosting profit and revenue forecasts. Prudential Securities analyst John Butler boosted his fiscal 2000 share earnings estimate for Ciena to 59 cents from 56 cents on sales of $798 million. He upped the 2001 forecast to $1.05 from 96 cents on sales of $1.1 billion. ``Based on what we heard on last night's call, we continue to really love this story,'' Butler said in a research report. ''In our view, they really emerged as one of the more meaningful optical systems vendors out there.'' Thomas Weisel Partners analyst Max Schuetz boosted fiscal 2000 earnings estimates for Sycamore to 11 cents per share from 6 cents per share while raising his revenue forecast to $178.8 million from $136.6 million. For 2001, Schuetz raised his earnings estimate to 29 cents per share from 21 cents per share and his revenue estimate to $407.8 million from $318.9 million. ''Once customer networks become dominated by Sycamore equipment, the Company will have huge staying power and mind share with these customers, in our view,'' he said in a report.