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Tech Industry

Short Take: Fore falls short

Fore Systems today fell slightly short of analysts' second quarter expectations of a profit of 10 cents a share. The company posted a profit of $9.4 million, or 9 cents a share, excluding charges, compared with profits of $7 million, or 7 cents a share, a year ago. Revenues increased 29 percent to $141.8 million, compared with year ago figures. (As previously reported), Fore was expected to come in below expectations.

Fore Systems today fell slightly short of analysts' second quarter expectations of a profit of 10 cents a share. The company posted a profit of $9.4 million, or 9 cents a share, excluding charges, compared with profits of $7 million, or 7 cents a share, a year ago. Revenues increased 29 percent to $141.8 million, compared with year ago figures. (As previously reported), Fore was expected to come in below expectations.