Bloomberg News

Mellanox Quarterly Sales Double as Earnings Exceed Estimates

July 18, 2012

Mellanox Technologies Ltd. (MLNX:US), the Israeli maker of technology used to transfer data, reported second-quarter earnings that exceeded analyst estimates as revenue surpassed $100 million for the first time.

The Yokneam Elit, Israel-based company reported adjusted earnings per share of 99 cents, more than the 73.5-cent mean estimate of 11 analysts. The adapter maker, which advanced 6.7 percent today, posted quarterly sales of $133.5 million, a 111 percent increase over the same period last year.

The company’s shares had declined for eight straight days before rising today.

To contact the reporter on this story: Sridhar Natarajan in New York at snatarajan15@bloomberg.net

To contact the editor responsible for this story: Tal Barak Harif at tbarak@bloomberg.net


We Almost Lost the Nasdaq
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Companies Mentioned

  • MLNX
    (Mellanox Technologies Ltd)
    • $37.28 USD
    • -0.83
    • -2.23%
Market data is delayed at least 15 minutes.
 
blog comments powered by Disqus