Verilink shares jumped nearly 17 percent
this morning on its earnings news. The supplier of access products that link
corporate networks to the Internet and other services, yesterday reported net
sales for the fourth quarter of $17.3 million. This represents an increase of
39 percent compared to the year-ago quarter. Verilink's reported net income
of $903,000 or 6 cents per share, compared with 1 cent per share the
year-ago quarter.
Short Take: Verilink shares jump on earnings
Verilink shares jumped nearly 17 percent this morning on its earnings news. The supplier of access products that link corporate networks to the Internet and other services, yesterday reported net sales for the fourth quarter of $17.3 million. This represents an increase of 39 percent compared to the year-ago quarter. Verilink's reported net income of $903,000 or 6 cents per share, compared with 1 cent per share the year-ago quarter.
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