Short Take: Fore Systems beats estimates

ATM equipment maker Fore Systems announced net income for its fiscal fourth quarter of $13.2 million, or 13 cents a share, on revenues of $131.2 million--a 30 percent jump over the same period during the previous year. The numbers beat consensus analysts' estimates of 11 cents a share, compiled by First Call.

April 24, 1998 1:45 p.m. PT

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ATM equipment maker announced net income for its fiscal fourth quarter of $13.2 million, or 13 cents a share, on revenues of $131.2 million--a 30 percent jump over the same period during the previous year. The numbers beat consensus analysts' estimates of 11 cents a share, compiled by First Call.