Scientific-Atlanta (NYSE: SFA), which recently went through a round of job reductions, said Thursday its fiscal third-quarter earnings dropped 39 percent from 2002 figures.
Its stock closed at $14.95 Thursday, up 46 cents.
The digital set-top manufacturer said revenues were $26.8 million, or 18 cents per share, down from $43.8 million, or 28 cents per share. Overall, sales declined 15 percent but the company noted that the $382.6 million was 9 percent higher than the preceding quarter.
Scientific-Atlanta: www.scientificatlanta.com
