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

To: 2MAR$ who wrote (133)	7/23/2000 3:20:29 AM
From: 2MAR$	Read Replies (1) \| Respond to of 762

7/18...Copper Mountain tumbles despite decent 2Q numbers By Larry Barrett ZDII Copper Mountain shares plunged 25 5/16, or 20 percent, to 98 3/8 Tuesday, one day after it slipped past analysts' estimates in its second quarter. In the quarter, it earned $14.2 million, or 24 cents a share, on sales of $80.2 million. First Call Corp. consensus expected it to earn 23 cents a share in the quarter. In the year-ago quarter, Copper Mountain earned $2.3 million, or 5 cents a share, on sales of $22.9 million. Sound off here!! Post your comment Latest News on CMTN UPDATE 1-Copper Mountain shares fall despite strong Q2... U.S. stocks drop as interest-rate concerns linger... U.S. stocks languish as traders cash in profits... CMTN: News Profile Chart Estimates "In our second fiscal quarter of 2000, Copper Mountain had record revenues of $80.2 million, record pro forma earnings per share of 24 cents and positive cash flow for the fourth successive quarter," said CEO Rick Gilbert in a prepared release. "Our financial execution was matched by product development progress as we released both a G.lite line card and an SDSL integrated access device during the quarter." Including a variety of charges, Copper Mountain earned $10.3 million, or 18 cents a share, in the quarter. Last quarter, Copper Mountain rolled past analysts' estimates, earning $11.3 million, or 20 cents a share, on sales of $60.8 million. Its shares fell to a 52-week low of 35 1/4 in October. Nine of the 10 analysts following the stock rate it either a "buy" or "strong buy." First Call Corp. consensus expects it to earn 92 cents a share in the fiscal year.