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HolidayBuyer's Guide
Tech Industry

Earnings Roundup: Sycamore Networks, Agile report losses

(Ed Note: Corrects previous version which indicated Sycamore and Agile missed estimates. Backing out the charges both companies beat expectations.)

Sycamore Networks Inc. (Nasdaq: SCMR) posted net loss in its first quarter Thursday, losing $5.7 million, or 11 cents a share, on sales of $19.5 million.

Excluding amortization of deferred stock compensation for the first quarter, Sycamore had a loss of $2.4 million or a nickel a share.

First Call consensus expected it to lose 8 cents a share in the quarter.

Its shares closed up 19 1/2 to 280 5/8 ahead of the earnings report.

"We are pleased with Sycamore's first quarter financial results and the market's reception to our intelligent optical networking products," said CEO Daniel Smith in a prepared release.

The $19.5 million in sales represents a 72 percent improvement versus the year-ago quarter when it lost $1.2 million, or 5 cents a share, on sales of $11.3 million.

Sycamore Networks shares fell to a low of $170 a share in October.

Among other technology companies reporting earnings Thursday:

Wind River Systems Inc. (Nasdaq: WIND) met analysts' estimates in its third quarter, earning $7.4 million, or 17 cents a share, on sales of $44.6 million.

First Call consensus pegged Wind River for a profit of 17 cents a share in the quarter.

Its shares closed up 3 3/16 to 34 15/16 ahead of the earnings report.

The $44.6 million in sales marks a 30 percent jump from the year-ago quarter when it earned $7.4 million, or 17 cents a share, on sales of $34.2 million.

Agile Software Corp. (Nasdaq: AGIL) posted a net loss in its second quarter Thursday, dropping $4.2 million, or 28 cents a share, on sales of $6.9 million.

Excluding the amortization of stock compensation and assuming the conversion of all the outstanding shares of convertible preferred stock, net loss for the second quarter of fiscal 2000 was $2.05 million or 11 cents a share.

First Call consensus expected it to lose 14 cents a share in the quarter.

Agile shares closed up 7 1/8 to 145 1/8 ahead of the earnings report.

Globix Technology Inc. (Nasdaq: GBIX) posted a wider-than-expected loss in its fourth quarter Thursday, losing $17.1 million, or $2.06 a share, on sales of $11.4 million.

Analysts were expecting a loss of $1.85 a share in the quarter.

The stock closed off 5/16 to 42 5/8 ahead of the earnings report. >