AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
(From CEOWire)
Byline: Ted David
TED DAVID, CNBC ANCHOR: Network Associates reported first-quarter earnings after the bell last night, the security software maker beat the Street but guided lower insofar as estimates were concerned for the current quarter, and the sales forecast as well. Let`s take a look at shares of the company right now, down $2.19, 12 percent, $15.91 a share. More now, a closer look from George Samenuk, chairman and CEO of Network Associates.
Good morning sir, nice to see you.
GEORGE SAMENUK, CHMN. & CEO, NETWORK ASSOCIATES: Good morning.
DAVID: Tell us about these numbers.
SAMENUK: We had a good first quarter in revenue of $217 million and 10 cents of earnings per share, 1 cent under the analyst estimate due to higher cost from the Magic sale, a division that we sold in the first quarter, and unprofitable business of Sniffer in the first quarter.