NEW YORK (Thomson Financial) - Optium Corp. reported late Thursday
second-quarter adjusted net income of $1.7 million, or 7 cents a share,
exceeding the mean estimate of analysts polled by Thomson Financial of 6 cents a
share.
In the same period a year earlier, the company posted adjusted earnings of
$4.5 million, or 17 cents a share.
Management attributed the decline in earnings primarily to operational
expenditures made to diversify its product portfolio.
Revenue for the period ended Feb. 2 rose 18% to $40.3 million from last
year's $34.1 million, topping analyst expectations of $38.8 million.
The Horsham, Pa. supplier of optical subsystems expects third-quarter
revenue of $42 million to $44 million, compared with analyst expectations of
$41.9 million.
The company said it's confident that it'll meet its objective for annual
growth of at least 30% for fiscal 2008.
The stock closed the regular session at $6.84.
Wanfeng Zhou
wz/tk1
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