CNET también está disponible en español.

Ir a español

Don't show this again

Amazon Prime Day Mortal Kombat 11 Aftermath DLC launch trailer Justice League Snyder Cut release confirmed Best VPN service Memorial Day deals Apple, Google coronavirus tracking tools

New Focus hikes revenue estimates

Investors enthusiastically greeted the decision by New Focus to raise its fiscal year 2001 revenue forecast to $240 million. Wall Street expected the maker of components for fiber-optic networks to generate revenue of about $153 million for the year, the consensus estimate of six analysts surveyed by First Call. The San Jose, Calif.-based company attributed the guidance hike to additional revenue from the acquisition of JCA Technology, which it closed this month. Shares of New Focus closed up $10.81, or almost 22 percent, to $60.19. The company also reported strong fourth-quarter earnings. Revenue grew to $33.9 million from $22.2 million in the previous quarter and $6.8 million in the year-ago period. New Focus reported a net loss of $2.3 million, or 4 cents a share based on 60.5 million basic shares outstanding. That compares with a net loss of $4.4 million, or $1.74 a share calculated on 2.5 million shares. Nine analysts surveyed by First Call expected the company to lose 3 cents a share.

Investors enthusiastically greeted the decision by New Focus to raise its fiscal year 2001 revenue forecast to $240 million. Wall Street expected the maker of components for fiber-optic networks to generate revenue of about $153 million for the year, the consensus estimate of six analysts surveyed by First Call. The San Jose, Calif.-based company attributed the guidance hike to additional revenue from the acquisition of JCA Technology, which it closed this month. Shares of New Focus closed up $10.81, or almost 22 percent, to $60.19.

The company also reported strong fourth-quarter earnings. Revenue grew to $33.9 million from $22.2 million in the previous quarter and $6.8 million in the year-ago period. New Focus reported a net loss of $2.3 million, or 4 cents a share based on 60.5 million basic shares outstanding. That compares with a net loss of $4.4 million, or $1.74 a share calculated on 2.5 million shares. Nine analysts surveyed by First Call expected the company to lose 3 cents a share.