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Thursday October 11, 5:11 pm Eastern Time
Sonus Networks reports third-quarter loss
WESTFORD, Mass., Oct 11 (Reuters)- Network equipment maker Sonus Networks (NasdaqNM:SONS - news) on Thursday
reported a $498 million third-quarter net loss, or $2.81 per share, which includes a huge charge related to acquisitions and
This compared to a loss of $12.4 million, or 9 cents a share, a year ago.
Excluding restructuring charges, amortization of goodwill and other special items, adjusted net loss for the period was $11.4 million, or 6 cents a share, compared
with an adjusted net loss of $5.4 million, or 4 cents a share, a year ago.
Analysts surveyed by First Call estimated that the Westford, Massachusetts-based company`s per-share loss would be in a range of 5 cents to 7 cents, with a
consensus of 6 cents. Last month, Sonus warned it would post a third-quarter loss with sales more than 25 percent below expectations due to the deepening slump
in the telecommunications market.
Revenues for the third quarter of fiscal 2001 were $40.3 million compared with $15.6 million in the year-ago period.