SAN FRANCISCO (Thomson Financial) - NetScout Systems Inc. late Monday
reported it swung to a net loss of $3.11 million, or 9 cents a share, from a net
profit of $1.98 million, or 6 cents a share, during the year earlier.
The Westford, Mass.-based company posted adjusted earnings of $6.2 million,
or 17 cents a share.
Revenue for the three months ended Dec. 31 rose to $53.7 million from $26.5
million.
The mean estimate of analysts polled by Thomson Financial was for a
per-share loss of 21 cents on revenue of $47.6 million.
Additionally, NetScout said it expects a fourth-quarter net loss of 18 cents
to 22 cents on revenue of $54 million to $58 million. Adjusted earnings are
expected to be 4 cents to 8 cents a share.
For fiscal 2009, the company said it expects per-share earnings of 8 cents
to 18 cents on revenue of $250 million to $260 million. Adjusted earnings are
expected to be 50 cents to 60 cents a share.
NetScout develops and sells products that enable performance and
optimization of high-speed networks.
The company's stock closed the regular session down 11 cents, or about 1.1%,
at $9.54. Shares rose 14% in after-hours trading.
Katherine Hunt
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