Avocent Corp. (AVCT) reported that its third-quarter net income decreased to $7.051 million from $10.961 million last year. Earnings per share decreased to $0.16 from $0.24 a year ago.
Operational net income decreased to $20.134 million from $30.441 million prior year. Operational earnings per share decreased to $0.45 from $0.67 last year. On average, 4 analysts polled by Thomson Reuters expected the company to report profit of $0.41 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales were $137.554 million compared to $183.048 million a year ago. Analysts expected revenue of $139.15 million for the quarter.
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