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.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.