3Com's 1Q profit falls, but tops forecasts

3Com Corp., a network software and equipment maker, said Thursday its profit fell sharply in the first quarter from results that included a big gain a year earlier, but it still topped Wall Street expectations.

The company earned $7.5 million, or 2 cents per share, for the three months ended Aug. 28, down from $79.8 million, or 20 cents per share, a year ago when the company won a $70 million patent ruling.

Yahoo! BuzzExcluding unusual items, 3Com ( COMS - news - people ) said it would have earned $30.6 million, or 8 cents per share, in the most recent quarter. On that basis, analysts were expecting 5 cents per share, according to a Thomson Reuters survey.

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- Posted: 2009-09-24 11:26:55

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