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Microcap & Penny Stocks : RADN - Radyne Comstream -- Ignore unavailable to you. Want to Upgrade?

To: VIXandMore who wrote (110)	6/8/2004 12:50:41 AM
From: VIXandMore	Respond to of 112

Radyne sees Q2 below Wall Street By Carolyn Pritchard, CBS MarketWatch.com SAN FRANCISCO (CBS.MW) - Radyne ComStream issued a second-quarter forecast late Monday below Wall Street's current expectations. The communications equipment company said it expects to report earnings of 7 cents to 10 cents a share on sales of $12 million to $14 million. Two analysts polled by Thomson First Call are forecasting sales of $16 million for the period, and one analyst is looking for a per-share profit of 15 cents. Phoenix-based Radyne (RADN: news, chart, profile) (RADNW: news, chart, profile) also reaffirmed its full-year forecast, saying it still expects to post earnings between 46 cents and 56 cents a share on sales ranging from $65 million to $75 million. One analyst expects earnings of 65 cents a share for the year, and two analysts are forecasting revenue of $66 million. Separately, Radyne said its board had authorized the company to buy back up to $10 million if its common shares. At current prices, the buyback could include as much as 7 percent of Radyne's outstanding stock, the company said in a statement. The buyback will be financed with cash on hand. Shares of Radyne closed Monday at $9, up 13 cents, or 1.5 percent.