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Scientific-Atlanta profit doubles on set-top box sales By Bloomberg News October 19, 2000, 4:10 p.m. PT Scientific-Atlanta, the No. 2 U.S. maker of cable TV set-top boxes, reported Thursday that fiscal first-quarter profit more than doubled on higher sales of the devices. The company said it had profit from operations of $63.8 million, or 38 cents a share, in the quarter that ended Sept. 29. That compares with net income of $25.3 million, or 16 cents adjusting for a 2- for-1 stock split, in the same period last year. Scientific-Atlanta was expected to earn 30 cents a share, the average estimate of analysts surveyed by First Call/Thomson Financial. The company has topped profit forecasts every quarter in the last two years as it sells more set-top boxes. The devices help people receive digital TV, which has hundreds of channels. The set-top boxes also allow people to get their Internet and telephone service over cable. Including a gain of $49.5 million from selling part of its investment in Bookham Technology and Wink Communications, net income was $113.3 million, or 67 cents a share, the company said in a statement. Sales rose 71 percent to $597.2 million from $349.3 million a year earlier, helped by a more than fourfold increase in shipments of set-top boxes to 1 million. The Norcross, Ga.-based company was expected to have $565.9 million in sales and to ship 950,000 digital TV boxes, according to Robinson-Humphrey analyst Greg Mesniaeff, who has a "buy" rating on the stock. |
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| aus der Diskussion: | Interactive TV - Markt und Wettbewerb |
| Autor (Datum des Eintrages): | Janphil (20.10.00 17:19:47) |
| Beitrag: | 49 von 232 (ID:2133021) |
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