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BigBand Revenues Jump 45%

Digital video specialist BigBand Networks Inc. (Nasdaq: BBND) posted second-quarter net revenues of $54.5 million, up 45 percent from a year ago. That fueled a profit of $1.7 million, or 2 cents per diluted share, versus last year's net loss of $600,000, or 5 cents per share. (See BigBand Posts Q2 Profit and BigBand IPO: Boing!)

BigBand saw gross margins improve in the quarter, from 48.7 percent to 53.4 percent. (See BigBand Shares on Downward Swing and BigBand Rebounds.) The company's shares were up $1.49 (11.93 percent), to $13.98 each in late afternoon trading Thursday.

Although BigBand has not secured a switched digital video foothold with Comcast Corp. (Nasdaq: CMCSA, CMCSK) as that MSO embarks on early technical trials, it has been a key deployment partner with MSOs such as Time Warner Cable Inc. (NYSE: TWC), Cox Communications Inc. , and Cablevision Systems Corp. (NYSE: CVC).

Looking ahead, the company expects to record third-quarter revenues in the range of $54 million to $58 million, and non-GAAP (generally accepted accounting principles) earnings per share of 3 cents to 7 cents. On a GAAP basis, earnings could range from a loss of 1 cent per share to a profit of 3 cents per share.

The company said investors have requested it disclose non-GAAP information because it excludes non-cash and other "special" charges that may "obscure our true operating results."

BigBand is holding a conference call Thursday afternoon to discuss financial results and deployment activity in more detail.

— Jeff Baumgartner, Site Editor, Cable Digital News

Pete Baldwin 12/5/2012 | 3:04:33 PM
re: BigBand Revenues Jump 45% Stock was up 11% by this afternoon, so maybe word got out early ...

... Or maybe there was some rumored piece of news that didn't end up happening on the earnings call. Because the stock's back down 20% after-hours.
Jeff Baumgartner 12/5/2012 | 3:04:32 PM
re: BigBand Revenues Jump 45% stock got hammered after missed profit expectations. item coming
ninjaturtle 12/5/2012 | 3:04:32 PM
re: BigBand Revenues Jump 45% Bad CC. CFO sounds like a baby. "Gee we were only off $300K from our forecasted goal". Shut up!!!!!!!!! Produce or you be wacked by the street everytime.
oterio 12/5/2012 | 3:04:29 PM
re: BigBand Revenues Jump 45% xx
Larry, Monkey 12/5/2012 | 3:04:28 PM
re: BigBand Revenues Jump 45% zzzzzzzz...
PetPanda 12/5/2012 | 3:04:28 PM
re: BigBand Revenues Jump 45% oo
Stevery 12/5/2012 | 3:04:28 PM
re: BigBand Revenues Jump 45% lol
Pete Baldwin 12/5/2012 | 3:04:28 PM
re: BigBand Revenues Jump 45% y?
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