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Article: Ascend Communications, Inc. Announces Financial Results for the Third Quarter Ended Sept. 30, 1996.
- Article from:
- Business Wire
- Article date:
- October 10, 1996
CopyrightCOPYRIGHT 1996 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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ALAMEDA, Calif.--(BUSINESS WIRE)--Oct. 10, 1996--Ascend Communications, Inc. (NASDAQ:ASND) today reported its financial results for the third quarter ended September 30, 1996, which include the financial results and associated merger costs for NetStar, Inc. Third quarter net sales were $154.6 million, a 278% increase over net sales of $40.9 million recorded in the third quarter of 1995. Net income for the third quarter of 1996 was $24.9 million or $.20 per share, which includes the cost of the merger of $13.9 million and the financial results for NetStar, Inc., which, combined, reduced earnings per share by $0.11. Results for the third quarter represent a 287% increase ...
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