S-A Doubles 3Q Earnings4/22/2004 10:00 AM Eastern
Bolstered by a shipment of nearly 1 million “Explorer” set-top boxes, Scientific-Atlanta Inc. posted $54 million in third-quarter earnings, a 101% increase over the year-earlier period.
Sales climbed 14% to $437 million in the quarter.
S-A said it shipped 997,000 Explorer set-tops, including 306,000 dual-tuner “8000 DVRs” and 198,000 HD boxes. S-A added that it shipped 32,000 “8000HD” set-tops, along with 399,000 cable modems.
Harmonic Inc. reported net sales of $55.1 million in its first quarter, a 49% jump over last year's $37 million net-sales figure. The company narrowed its net loss from $11.7 million to $2.6 million year-over-year.
Harmonic attributed the gains to cable-operator deployments of video-on-demand and HDTV.
The company also announced that Cox Communications Inc. was using its “Narrowcast Services Gateway” in Hampton Roads, Va.; New Orleans; and Omaha, Neb.; for its “Entertainment on Demand” rollouts.
Concurrent Computer Corp. broke even in the quarter on revenue of $23.6 million compared with a net loss of $14.3 million on revenue of $17.6 million in the same quarter last year. Last year's results, however, included a noncash impairment charge of $10.5 million.
The company said revenue at its VOD division reached $14.8 million, with seven new deployments, compared with $8.5 million in the year-earlier period and $13 million in the previous quarter.