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Avici Beats Expectations, but Investors Fret Over AT&T Deal's Cost
| Earnings Scorecard | ||
| Actual | Estimated* | Year-Ago |
| ($0.26) | ($0.29) | ($0.45) |
| Figures in parentheses are losses. *Estimates by First Call/Thomson Financial | ||
Updated from 9:09 a.m. ET
Avici Systems (AVCI Quote) beat expectations for the fourth quarter and raised sales guidance for the current quarter and the remainder of the year.
While upbeat in its outlook, the upstart core router maker struck a prudent tone by maintaining its earnings guidance for the year. The company said higher-than-anticipated costs may hurt the bottom line as it beefs up technical support and customer service staff to help smooth the equipment installation process. ...
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