3Com ( COMS) shares traded higher late Tuesday, after the network equipment maker posted better-than-expected top- and bottom-line quarterly numbers.

The Marlborough, Mass., company said it had a fiscal fourth-quarter loss of $166.7 million, or 41 cents a share, widening from a loss of $66.2 million, or 17 cents a share, in the year-ago period. Excluding items, 3Com said it had a profit of 9 cents a share, ahead of the Thomson Reuters average estimate of 5 cents a share.

Revenue rose 3.3% from a year ago to $321.3 million, but was down more than 4% sequentially. That compares to Wall Street's forecast of $315.3 million. Shares of 3Com were jumping 8% in late trading to $2.16.

For the fiscal year 2008, 3Com generated a profit of 23 cents a share on an adjusted basis, as revenue increased 2% from a year ago to $1.29 billion. Both figures were slightly above analysts' forecasts.

"In fiscal year 2008 we made progress in several key areas, including growing revenue year-over-year in almost every region, increasing our gross margins and generating cash from operations," said CEO Bob Mao in a statement.

Shares of 3Com finished nearly 1% lower during Tuesday's session but were up nearly 6% in late trading to $2.51 a share.

Still, 3Com's stock has dropped 47% in what has been a rollercoaster 2008 as an agreement to take the company private was initially denied U.S. government approval before being retooled and then ultimately dropped in March.

If you liked this article you might like

Paradigm Opportunity Protects Investors in Tough Times

5 Things You Need to Know Before the Stock Market Opens (Correct)

U.S. Investors Brace for a Third Bailout in Greece

5 Things You Need to Know Before the Stock Market Opens

40 Hedge Funds' Best Stocks Show the Way for 2012 (Update 1)