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Earnings Roundup: Infinera, Agilysys



By AP
01 February 2008 @ 06:18 pm EST

Among the earnings stories for Friday, Feb. 1, from AP Financial News:

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Quotes
INFN 7.51 0.39
AGYS 1.96 -0.13
LAVA 1.44 -0.08

SYMBOL LOOKUP

SUNNYVALE, Calif. (AP) Shares of chip maker Infinera Corp. soared nearly 40 percent Friday after it reported narrowing its fourth-quarter losses on rising sales of digital communications products.

BOCA RATON, Fla. (AP) Information-technology services provider Agilysys Inc. said Friday its fiscal 2008 third-quarter profit tumbled 90 percent due in part to expenses from four acquisitions.

FAIRFAX, Va. (AP) Homebuilder Brookfield Homes Corp. said Friday it swung to a loss in the fourth quarter as home sales fell sharply amid a continued downturn in the housing market.

SAN JOSE, Calif. (AP) Shares of Magma Design Automation Inc. rose Friday after the engineering software maker reported a narrower third-quarter loss and raised is 2008 earnings guidance above Wall Street estimates.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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