Scientific-Atlanta third quarter profits double
ATLANTA, April 19 (Reuters) - Scientific-Atlanta Inc.(NYSE:SFA) said on Thursday its profits doubled in its fiscal third quarter, boosted by robust demand for its cable TV set-top boxes and services.
Atlanta-based Scientific-Atlanta, whose growth has been fueled by strong demand for its cable products, especially its Explorer digital interactive set-top boxes, said profit rose to $76.2 million, or 46 cents a share, from $38.1 million, or 23 cents a share in the year-ago period.
Analysts surveyed by Thomson Financial/First Call expected earnings in the range of 39 cents a share and 44 cents a share, with a consensus of 42 cents.