Author: Godwin Gwetu
123jump.com
Last Update: 7:50 AM ET August 01 2008
The communications technology company reported third quarter GAAP revenues of $2.8 billion, an increase of 19% compared with $2.3 billion for the third quarter in 2007. The management reported that the third quarter GAAP net income increased 2% sequentially to $748 million from $766 million in the second quarter fiscal 2008. Year-on-year, the GAAP net income eased 6% from $798 million. The company anticipates Q4 pro forma revenues to be approximately $2.5 billion to $2.7 billion.
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.
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