Wednesday, July 05, 2006

NetScout Bleeds Out Bad (Real) News

NetScout Systems, Inc. (NASDAQ: NTCT), announced that based on preliminary estimates it expects revenues for the first fiscal quarter, ending June 30, 2006 to be in the range of $23 to $24 million and net income per diluted share to be in the range of $0.03 to $0.04. We are disappointed by our preliminary results for the first fiscal quarter…." said Anil Singhal, President and CEO of NetScout Systems. The company will hold a conference call on July 6 to discuss preliminary numbers but will actually report real numbers on July 26 well after the preliminary numbers have been analyzed but when many are away on holiday.