logo
Share SHARE
FONT-SIZE Plus   Neg

ADVA Optical Networking Turns To Profit In Q1 - Quick Facts

ADVA Optical Networking (ADVOF.PK) reported IFRS net income of 4 million euros or 0.08 euros per share versus loss of 2.3 million euros or 0.05 euros per share last year.

Quarterly revenues improved to 81.7 million euros from 70.4 million euros in the prior year.

Looking forward, the company said while the fragile global economy still demands a cautious sentiment, it expects second quarter 2012 revenues to be between 81 million euros and 86 million euros. Further, ADVA Optical Networking anticipates second-quarter pro forma operating income to range between 3% and 7% of revenues.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Twenty-First Century Fox reported a better-than-expected third-quarter profit, on growth at its cable and film entertainment business, partly offset by the absence of Super Bowl as well as currency headwinds. Activision Blizzard Inc. (ATVI) on Wednesday reported a surge in profit for the first quarter, as revenues increased reflecting strong growth in digital business with the video game publisher's profit and revenues topping Wall Street estimates. Moving ahead, the company detailed a weak outlook for... Electric car maker Tesla Motors, Inc. said Wednesday after the markets closed that its first quarter loss widened from last year, as higher costs and expenses more than offset a 51% increase in revenue. However, the company's adjusted quarterly loss per share was narrower than analysts estimated and its quarterly revenue beat analysts' forecast.
comments powered by Disqus
Follow RTT