Extreme’s pro forma beats street by a penny
Ethernet networking equipment vendor Extreme networks posted pro forma earnings that beat analyst estimates by a penny for the second fiscal quarter 2002. For the quarter ending Dec. 31, 2001, the company reported net income of $2 million, or 2 cents per share, bettering the analyst consensus of 1cent per share profit.
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Extreme’s actual net loss for the quarter, including amortization of goodwill and intangible assets as well as deferred compensation, was $10.7 million, or 9 cents per share, compared to a net profit of $8.1 million, or 7 cents per share, year-over-year. But the company’s performance improved against the first fiscal quarter, when Extreme posted a net loss of $36 million, or 9 cents per share.
--Toby Weber, staff writer
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© 2012 Penton Media Inc.
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