NetScout brightens forecast
NetScout Systems Inc., which sells systems that report on network performance, said today that it raised its profit and sales outlook for the fiscal first quarter ending June 30.
The company now expects earnings between 6 cents and 8 cents per share, up from its prior outlook of 5 cents to 6 cents per share.
NetScout forecast revenue between $27 million and $28 million, up from its earlier outlook of $26 million to $27 million.
Analysts, on average, are expecting earnings of 6 cents per share on sales of $26.2 million, according to a poll by Thomson Financial.
"We are particularly pleased with the strength in bookings because the first quarter is historically a weak quarter for us," said Anil Singhal, president and chief executive, in a statement.
The company plans to post its earnings on July 26. (AP)
