| Earnings Scorecard |
| Actual | Estimated* | Year-Ago |
| $0.40 | $0.26 | $0.13
|
 |
Digital Lightwave (DIGL Quote - Cramer on DIGL - Stock Picks) surprised Wall Street on Wednesday as it handily beat analysts' earnings estimates for the fourth quarter.
The maker of products for fiber-optic networks said it earned $13 million, or 40 cents a diluted share, up from $3.9 million, or 13 cents a share, in the same period last year. Eight analysts polled by
First Call/Thomson Financial were calling for earnings of 26 cents in the period.
Revenue nearly doubled to $33.9 million from $17.5 million in the fourth quarter a year ago.
Shares of Digital Lightwave, which is based in Clearwater, Fla, fell $2.13, or 4.6%, to $43.94 in regular session
Nasdaq trading, but recovered in after-hours
Island activity, rising to $48.69.
Chris Frankie
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