Technology

C-COR Posts Solid Fiscal 3Q

4/20/2006 5:53 AM Eastern

C-COR Inc. reported its financial results for its fiscal third quarter ended March 24.

The vendor posted net sales of $60.4 million versus $48.2 million in the year-ago period.

C-COR’s net loss was $7.9 million, or $0.17 per share, compared with $17.3 million ($0.37) in the previous-year quarter.

The company said its current-quarter results included $3.3 million of restructuring charges; a net gain of $2 million on the sale of a product line; $1.8 million of asset-impairment charges; $912,000 of amortization related to intangible assets; $618,000 of inventory charges; and $488,000 of stock-compensation expense.

September