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Extreme Networks posts Q4 profit, revenue down

SANTA CLARA, Calif., July 17 (Reuters) - Extreme Networks Inc. (NasdaqNM:EXTR - News) on Wednesday posted a fiscal fourth-quarter profit compared with a year-earlier loss despite lower demand for network gear from the battered telecommunications industry and cost-cutting customers.

Extreme reported earnings of $2.5 million in its fiscal fourth quarter ended June 30, or 2 cents per share, compared with a loss of $11.4 million, or 10 cents per share, a year earlier.

Revenue was $113.1 million, compared with $115.1 million a year earlier.

Excluding one-time items, Extreme's earnings were $3.8 million, or 3 cents per share, compared with earnings excluding charges of $1.3 million, or 1 cent per share, a year earlier. Analysts, on average, expected earnings excluding charges of 3 cents per share, according to Thomson First Call.

http://biz.yahoo.com/rc/020717/tech_extremenetworks_earns_1.html