PITTSBURGH, Oct. 28, 2010 (GLOBE NEWSWIRE) -- Tollgrade Communications, Inc. (Nasdaq:TLGD), a leading supplier of network service assurance test products and solutions, today reported revenue of $11.1 million and net income of $2.5 million or $0.19 per share on a fully diluted basis for the third quarter ended September 30, 2010. The Company's net income for this quarter was more than double the second quarter 2010 net income of $1.2 million and was the highest quarterly net income since the second quarter of 2001. Although third quarter 2010 revenue was down slightly compared to the third quarter 2009 revenue of $11.3 million, due primarily to timing of customer orders, net income increased by approximately $9.6 million from the loss of approximately $(7.1) million posted in the third quarter of 2009.
Tollgrade Reports Highest Quarterly Profit In Nearly A Decade
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