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Short Take: Extreme releases preliminary earnings estimates

Data communications equipment provider Extreme Networks announced that it plans to report earnings of $3.5 million to $4 million, or 7 to 8 cents per share, on revenue of $46 million to $47 million for its fiscal 2000 first quarter, based on preliminary estimates. The company expects gross margins of approximately 52 percent. Extreme was expected to earn 5 cents per share, based on consensus estimates compiled by First Call. Extreme will report those earnings at the market's close on October 20.

    Data communications equipment provider Extreme Networks announced that it plans to report earnings of $3.5 million to $4 million, or 7 to 8 cents per share, on revenue of $46 million to $47 million for its fiscal 2000 first quarter, based on preliminary estimates. The company expects gross margins of approximately 52 percent. Extreme was expected to earn 5 cents per share, based on consensus estimates compiled by First Call. Extreme will report those earnings at the market's close on October 20.