NetSilicon Inc. (Nasdaq: NSIL) hurdled analysts' estimates in its third quarter Thursday, raking in $905,000, or 7 cents a share, on sales of $10.1 million.
Its shares closed up 9/16 to 16 ahead of the earnings report.
First Call consensus expected it to earn 2 cents a share in the quarter.
The $10.1 million in sales was more than triple the $3 million it recorded in the year-ago period when it lost $1.7 million, or 17 cents a share.
"This rapid increase in orders was attributable in part to one-time orders related to Y2K. We expect to return to more normal growth rates in ensuing quarters," said CEO Pete Peterson in a prepared release.
Company officials said its backlog was approximately $7 million at the end of the quarter compared with $11 million at the close of the second quarter.
Its shares rallied up to 17 1/2 in September before falling to a low of 9 in October.
Both analysts following the stock maintain either a "buy" or "strong buy" recommendation.