Skip to main content

Telecommunications network developer

Paradyne Networks


reported lower results than expected for the third quarter, due to weakened demand for the company's equipment from telecommunications providers.

Paradyne reported a loss of 2 cents a share. The

First Call/Thomson Financial

four-analyst consensus was for a loss of 1 cent a share. The company reported earnings of 9 cents a share in the year-ago period.

Paradyne's loss excludes deferred stock compensation, goodwill amortization and charges related to the write-down of inventory

The company reported revenue for the third quarter of $55.7 million, including a one-time expense reduction of $6.7 million, compared with $57.7 million in the third quarter a year ago.