Wednesday, June 6, 2007

UPDATE 1-ADC Telecom profit jumps, shares rise on outlook

(Reuters) - The company also issued a full-year forecast that was above
analyst estimates and the stock rose 4.5 percent.




Second-quarter sales and earnings were "stronger than
expected," Chief Executive Robert Switz said in a statement,
noting it boosted profitability through gains in manufacturing
efficiencies while also cutting total operating expenses.


Read more at Reuters.com Market News

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