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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.

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.