Earnings
SonicWall Expects To Post Profit In 2Q
SUNNYVALE, Calif. (AP) — Network security technology company SonicWall Inc. said Monday it expects to post a profit of 2 cents or 3 cents per share in the second quarter.
Excluding one-time items, the company forecast earnings of 6 cents or 7 cents per share. Analysts, who generally exclude special items from their estimates, are expecting a profit of 7 cents per share, according to Thomson Reuters. SonicWall expects revenue in the range of $46 million to $49 million, which is slightly below the $50 million that analysts are expecting. Shares rose 6 cents to close at $5.90.TheStreet Premium Services
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