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Sycamore Networks (SCMR) shares are up sharply this morning after the company posted better-than-expected results for its fiscal fourth quarter ended July 31.

For the quarter, Sycamore posted revenue of $22.2 million and non-GAAP profits of 5 cents a share; the Street had been expecting $15 million and a loss of 9 cents.

SCMR is up $4.34, or 19.5%, to $26.56.

Finally a profit. Sort of (non-gaap)
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