Foundry Networksundefined was up 16.5% in preopen Island trading after posting a profit late Wednesday of 4 cents a share, meeting the consensus estimate but down from earnings of 15 cents a share a year ago. Sales were $82.6 million, beating the Internet switch maker's own lowered estimates of $78 to $81 million.

Foundry said it expects sales to rise in coming quarters.

TheStreet Recommends