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Article: Avocent Announces Fourth Quarter and Year-End Results.(Financial report)
- Article from:
- Business Wire
- Article date:
- January 23, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HUNTSVILLE, Ala. -- Avocent Corporation (NASDAQ: AVCT) today reported its results for the fourth quarter and year ended December 31, 2007. GAAP net sales for the fourth quarter were $155.4 million compared with $164.9 million in the fourth quarter of 2006. GAAP net sales for 2007 increased to $600.9 million from $519.2 million in 2006.
Fourth quarter 2007 GAAP net income was $14.1 million, or $0.28 per diluted share, in 2007, compared with $16.5 million, or $0.32 per diluted share, in the fourth quarter of 2006. GAAP net income was $45.9 million, or $0.90 per diluted share, in 2007, compared with $45.5 million, or $0.92 per diluted share, in 2006.
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