Sycamore Q1 Loss Narrower Than Expected

Orlando, FL 12/1/11 (StreetBeat) --Communications equipment provider Sycamore Networks (Nasdaq: SCMR) posted a narrower-than-expected quarterly loss, helped by its bandwidth management business.

For the first quarter, the company, reported a loss of $1.6 million, or 6 cents a share, compared with a loss of $6.5 million, or 23 cents a share, a year ago.

Excluding items, losses came in at 3 cents a share.

Sycamore, which counts Verizon Communications and Sprint Nextel among its customers, said revenue fell 32 percent to $15.4 million.

Two analysts expected a loss of 13 cents a share while one analyst expected revenue of $12 million, according to Thomson Reuters I/B/E/S.

Shares of the Chelmsford, Massachusetts-based company closed at $19.80 on Nasdaq on Wednesday.

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