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Short Take: Newbridge stock falls 17 percent

Newbridge Networks stock lost just over 17 percent after the networking company said its preliminary results showed that earnings for the second quarter would fall 10 percent to 15 percent below first-quarter numbers. The company cited its enterprise business failing to meet expectations. Second-quarter revenues likely would equal the first-quarter's figures at $309.2 million. In the same quarter a year ago, Newbridge reported revenue of $224.6 million.

Newbridge Networks stock lost just over 17 percent after the networking company said its preliminary results showed that earnings for the second quarter would fall 10 percent to 15 percent below first-quarter numbers. The company cited its enterprise business failing to meet expectations. Second-quarter revenues likely would equal the first-quarter's figures at $309.2 million. In the same quarter a year ago, Newbridge reported revenue of $224.6 million.