Covad reported a fourth quarter net loss of $11.9 million or $0.04 per share, compared to a net loss of $8.4 million or $0.03 per share in the previous year quarter.
Net revenues for the quarter increased to $121.6 million from $119.4 million in the last year quarter.
On average, five analysts polled by First Call/Thomson Financial expected loss of $0.01 per share, while analysts estimated revenues of $125.03 million for the fourth quarter.
For fiscal 2007, net loss was $43.0 million or $0.14 per share, compared to a net loss of $13.9 million or $0.05 per share in the last year.
Net revenues for the year were $484.2 million, up from $474.3 million in the prior year.
It seems the company's fortunes turned for the worse a few years back around the time the company stopped advertising and changed its focus from being an IP communications company to a broadband company. This move was accompanied by a management change as well.
I am not sure what the company's future holds but I keep hearing the question "Is Covad still around" from readers and attendees at shows. This is usually not a good sign.
More
Net revenues for the quarter increased to $121.6 million from $119.4 million in the last year quarter.
On average, five analysts polled by First Call/Thomson Financial expected loss of $0.01 per share, while analysts estimated revenues of $125.03 million for the fourth quarter.
For fiscal 2007, net loss was $43.0 million or $0.14 per share, compared to a net loss of $13.9 million or $0.05 per share in the last year.
Net revenues for the year were $484.2 million, up from $474.3 million in the prior year.
It seems the company's fortunes turned for the worse a few years back around the time the company stopped advertising and changed its focus from being an IP communications company to a broadband company. This move was accompanied by a management change as well.
I am not sure what the company's future holds but I keep hearing the question "Is Covad still around" from readers and attendees at shows. This is usually not a good sign.
More
Technorati
Del.icio.us
Slashdot
Digg
twitter![VW-Beetle-Yellow-400[1].jpg](http://blog.tmcnet.com/blog/rich-tehrani/assets_c/2009/08/VW-Beetle-Yellow-400[1]-thumb-150xauto-6640.jpg)
Leave a comment