Comdisco Expects Quarterly Results to Exceed Expectations - TheStreet

Comdisco Expects Quarterly Results to Exceed Expectations

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Comdisco

(CDO)

, a technology and network services company, said it expects per-share earnings to exceed analysts' expectations for its first quarter, helped by the strength of its leasing and ventures businesses.

The Rosemont, Ill., company said it expects to exceed the current Wall Street consensus estimate of 40 cents a share by about 10 cents.

Comdisco also said it anticipates pretax net income for fiscal 2001 of $470 million, or $1.87 a share, with both figures growing 18% over the year-ago period. Twenty-three analysts called for 2001 earnings of $1.81 a share, down from $2.52 a share in 2000.

The company also said it sees operating cash flow exceeding $3.6 billion for the quarter ending Sept. 30, 2001, which represents an increase of 9% over the prior year period.

Shares of Comdisco closed higher by 81 cents, or 7.74%, to $11.31 in Friday trading on the

New York Stock Exchange

.