Xircom (Nasdaq: XIRC) edged past analyst forecasts in the third quarter.
After market close Monday, the maker of networking cards and other access products reported fiscal third quarter net income of $14.8 million, or 47 cents per share, excluding special charges. First Call's survey of six analysts predicted a profit of 46 cents per share.
Including a one-time charge of $19.5 million to write off R&D from the acquired Omnipoint Technologies, and other expenses related to goodwill writedowns, Xircom lost $5.1 million, or 17 cents per share.
Shares of Xircom fell slightly to 48 3/16 in afterhours activity on the Island electronic communications network, following the earnings release. The stock closed Monday's regular trading at 49, up 1/2 for the session.
Third quarter revenue increased to $126.7 million, up 17 percent from $108.4 million the same period a year earlier. Business from large business customers helped drive Xircom's revenue improvement, said Dirk Gates, chairman, CEO and president.>
How to save even more on Prime Day 2019: Think the deals are already good? Here's how to score additional savings.
Jony Ive leaving Apple signals the end of Steve Jobs era: From Apple TV Plus to its chief designer moving on, the iPhone maker is becoming a different company.
Discuss: Xircom slides past 3Q expectations
Be respectful, keep it civil and stay on topic. We delete comments that violate our policy, which we encourage you to read. Discussion threads can be closed at any time at our discretion.