3Com Corp. (NASDAQ:COMS) posted a net loss of $18.7 million, or -$0.05 EPS, but on a non-GAAP basis outside of restructuring costs it made $12.2 million, or $0.03 EPS. Analysts were expectingg $0.02. Revenue rose to $319.4 million, above the $300.1 million a year ago and slightly above analyst estimates of $318.3 million.
Shares closed up almost 4% today at $3.74. We didn’t get to listen to this conference call, but shares are giving back the gains in after-hours with shares down close to 5% at $3.57. The 52-week trading range is $3.24 to $5.24. Since we didn’t get to hear what the sell-of was about we won’t speculate as this is a small company now. But here are some points investors should consider:
- This is one we have noted as a company that management can’t fix.
- Barron’s questioned it after a Citadel investment.
If we get a chance, we’ll look further into this one later.
Jon C. Ogg
September 20, 2007
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
