Newbridge admitted its fiscal third quarter results were "not so good news" as it missed analysts' expectations.
In line with its profit warning earlier this month, Newbridge recorded profit of $120.1 million, compared with a loss of $144.2 million last year. However its earnings per share of $0.17 was five cents less than analysts' expectations. The figure compares with an earnings per share of $0.07 last year.
Alan Lutz, president and chief operating officer at Newbridge, said: "This was a good news - and not so good news - quarter. While we were disappointed in not meeting analysts' expectations, in examing the quarter, it is important to note that the company's future growth engine - ATM and IP products - delivered strong performances."
Newbridge blamed weak sales in Latin America and Asia for the disappointing results.
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