Computer Network Technology
posted an unexpected profit from continuing operations in its third quarter.
The Minneapolis network-storage company had net income from continuing operations of $600,000, or 2 cents a share, in the quarter, down from $4.7 million, or 17 cents a share, last year. Analysts were forecasting a loss of 1 cent a share this quarter.
The company said third-quarter revenue was $55.4 million, up from $46.2 million last year.