Please wait while we load the requested 10-Q report or click the link below:
Debbie McGowan, AFC
|FOR IMMEDIATE RELEASE|
|AFC Reports Third Quarter 2004 Financial Results|
|PETALUMA, Calif., October 25, 2004AFC® (Nasdaq: AFCI), The Acronym for AccessSM, today reported financial results for the third quarter ended September 30, 2004.|
|Revenues for the third quarter of 2004 were $119.6 million on a generally accepted accounting principles (GAAP) basis, as compared with $85.2 million for the same period last year, an increase of 40%. GAAP net income for the third quarter of 2004 was $17.3 million, or $0.19 per share, compared with $9.3 million, or $0.11 per share, for the same period last year. Revenues for the first nine months of 2004 were $331 million compared with $248.7 million for the same period last year, an increase of 33%. Net income for the first nine months of 2004 was $15.6 million, or $0.17 per share, compared with $21.0 million, or $0.24 per share, for the same period last year.|
|Core business net income, which excludes certain items, was $5.9 million, or $0.07 per share, for the third quarter of 2004, compared with $9.6 million, or $0.11 per share, for the same period last year. Core business net income for the first nine months of 2004 was $19.7 million, or $0.22 per share, compared with $25.4 million, or $0.29 per share, for the same period last year.|
|Reconciliations between GAAP and core business results are provided immediately following the condensed consolidated statements of cash flows. These core business measures are not in accordance with, or alternatives to GAAP, and may be different from measures used by other companies. We believe core business results help investors better understand the financial performance of our core business. We also|
The following information was filed by Advanced Fibre Communications Inc on Monday, October 25, 2004 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
View differences made from one quarter to another to evaluate Advanced Fibre Communications Inc's financial trajectory
Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were
removed , and by Advanced Fibre Communications Inc.