Ralph
22.01.2001, 22:43
Vitesse Semiconductor Profit Tops Forecasts
SAN FRANCISCO (Reuters) - Communications chipmaker Vitesse Semiconductor Inc. (NasdaqNM:VTSS - news) on Monday reported fiscal first-quarter profits that more than doubled, topping forecasts
Camarillo, Calif.-based Vitesse said that for the period ended Dec. 31 profit before one-time items net income rose to $47.6 million, or 25 cents a share, from $20.4 million, or 11 cents, a year ago. Sales rose 85 percent to $165.1 million from $89.3 million.
The consensus analyst forecast for Vitesse's earnings per share was 24 cents, as compiled by First Call/Thomson Financial.
Shares of Vitesse rose $1-9/16, or 2.4 percent, to $67-1/4 in trading on the Nasdaq, before results were released. The stock has fallen 42 percent since its record-high of $115-11/16 reached March 01, before the Nasdaq dropped sharply.
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Vitesse Semiconductor Corp
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Den nachbörslichen Kursrückgang von 7% führe ich auf Gewinnmitnahmen zurück. Als Hersteller von Chips für optisches Netzwerk-Equipment und Storage-Equipment ist VTSS relativ günstig bewertet, bei sehr guten Zukunftsaussichten.
Ralph
<font size=1>[Dieser Beitrag wurde von Ralph am 22.01.2001 editiert.]</font>
SAN FRANCISCO (Reuters) - Communications chipmaker Vitesse Semiconductor Inc. (NasdaqNM:VTSS - news) on Monday reported fiscal first-quarter profits that more than doubled, topping forecasts
Camarillo, Calif.-based Vitesse said that for the period ended Dec. 31 profit before one-time items net income rose to $47.6 million, or 25 cents a share, from $20.4 million, or 11 cents, a year ago. Sales rose 85 percent to $165.1 million from $89.3 million.
The consensus analyst forecast for Vitesse's earnings per share was 24 cents, as compiled by First Call/Thomson Financial.
Shares of Vitesse rose $1-9/16, or 2.4 percent, to $67-1/4 in trading on the Nasdaq, before results were released. The stock has fallen 42 percent since its record-high of $115-11/16 reached March 01, before the Nasdaq dropped sharply.
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Vitesse Semiconductor Corp
<IMG SRC="http://charts.cnbc.com/jetson/GR-D-VTSS-0.7640425665864683-6-0-0-260-460-212-S_104_D_D_D_D_S_0_D_D_D_D_-ind.gif" border=0>
Den nachbörslichen Kursrückgang von 7% führe ich auf Gewinnmitnahmen zurück. Als Hersteller von Chips für optisches Netzwerk-Equipment und Storage-Equipment ist VTSS relativ günstig bewertet, bei sehr guten Zukunftsaussichten.
Ralph
<font size=1>[Dieser Beitrag wurde von Ralph am 22.01.2001 editiert.]</font>