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Extreme Networks Rises as it Meets Estimates

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Extreme Networks (EXTR) - Get Extreme Networks, Inc. Report was up 9% in preopen Island trading after the Internet infrastructure company posted fourth-quarter earnings late Wednesday of 1 cent a share, beating analysts' estimates of a 1-cent loss. The company earned 4 cents a share in the year-ago period.

Revenue was $115 million, up from $112 million in the third quarter. For the current quarter, the company said it expects to report revenue flat with the fourth quarter, as a result of weaker demand in Europe.

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