Update 2: SonicWALL Warns of 3Q Profit Miss
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SonicWALL Inc., a maker of network firewalls, on Friday warned its third-quarter profit would miss expectations, hurt by disappointing sales for the second straight quarter.
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I.BM said yesterday that the personal computer business it was selling to the Lenovo Group of China had not made a profit for three and a half years.
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Plus: Time Warner net income slips...Cell phone unit shores up Verizon...Gateway trims loss in third quarter...EDS delays earnings.
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MARLBOROUGH, Mass. - 3Com Corp. said today its quarterly revenue will come in around 10 per cent below its previous expectation, an announcement that sent shares of the communications network supplier down nearly 10 per cent.
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roundup Plus: The company also expects to meet or exceed analyst estimates...Salesforce.com reports subscriber surge...RealNetworks signs up Red Flag Linux.
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Symbol Technologies said today that it will delay filing its third-quarter results for two weeks, and it revised results for the first nine months of the year downward by $13.3 million because of errors in how inventory levels were reported.
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Nortel Networks said on Thursday it expects third-quarter revenue to fall short of the $2.6bn (Â£1.4bn) sales it posted in the second quarter of 2004.
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Plus: Adobe earnings, outlook top Street...TiVo swings to a loss...HP profit gains on cost cuts, cheaper components.
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Choppy waters ahead in Q4 Network Appliance had a strong fiscal third quarter, but warns that current quarter revenue could suffer because banks are cutting orders.â¦
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NEW YORK - Third-quarter earnings are meeting Wall Street&#39;s expectations, but the lack of company forecasts on future earnings - or disappointing outlooks in many cases - is starting to have investors worried.
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Time Warner has reported revenue growth of 5% for its third quarter, but net income declined. The company may also have to restate its financial results for 2002 in connection with the investigation of accounting
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Plus: Matsushita profit up 22 percent...Amazon's profit up, margins squeezed...SAP cautious on 2008...Yahoo profit falls.
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Third-quarter figures showing Cisco Systems continues to lose ground may be due to rough product transition.
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TORONTO - Nortel Networks warned Thursday its third-quarter revenue will be below the $2.6 billion US preliminary unaudited revenues it reported for the second quarter.
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3Com Corp. on Friday warned investors that it will not meet expected revenues and gross margins that it had predicted in June during its fourth fiscal earnings report.
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Qwest Communications International Inc. reported a third quarter loss on Thursday, partly due to lower revenues and to a charge related to litigation reserves.
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Nortel Networks Corp. indicated that it won't be waking from its financial nightmare anytime soon when it delayed on Thursday the release of its financial statements for the third time because it found additional problems with its revenue reporting for past results.