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Corvis Meets Consensus Forecast, Signs Supply Deal With Qwest
Optical networker Corvis (CORV Quote) met Wall Street's estimates for the latest first quarter, and the company signed a deal to provide Qwest Communications (Q Quote) with the equipment to build a nationwide network.
The company lost $23 million, or 7 cents a share, for the quarter, meeting the consensus forecast. The figure excludes goodwill and other intangible assets, amortization expenses and equity-based costs. Corvis lost $26.8 million, or 65 cents a share, in the year-ago period. ...
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