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Tech Industry

Brooktrout lives up to lowered expectations

    Brooktrout managed to slip past analysts’ reduced estimates in its fourth quarter Thursday, posting a profit of $612,000, or 5 cents a share, on sales of $34.2 million.

    First Call Corp. consensus pegged the maker of communications hardware and software for a profit of 3 cents a share following its alarming profit warning earlier this quarter.

    Before the warning, analysts expected Brooktrout (Nasdaq: BRKT) to earn 31 cents a share in the quarter on sales of $41.2 million.

    The stock closed unchanged at $8.63 ahead of the earnings report, well off its 52-week high of $50.75 set back in March.

    The $34.2 million in sales marks an 8 percent decline from the year-ago quarter when it earned $4.3 million, or 37 cents a share, on sales of $37.2 million.

    In the fiscal year, Brooktrout pocketed $11.8 million, or 93 cents a share, on sales of $151.2 million compared to a profit of $13.7 million, or $1.18 a share, on sales of $135.7 million in fiscal 1999.

    Including a variety of charges, Brooktrout posted a net loss of $7.9 million, or 64 cents a share, in the fourth quarter, up from a loss of $7 million, or 6 cents a share, in the same period last year.

    Analysts are currently forecasting a profit of 41 cents a share on sales of $160.1 million in fiscal 2001.

    Five of the six analysts following the stock rate it a “hold.”