Bell Microproducts Posts Modest Profit In Line With Forecast

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Bell Microproducts earned $384,000, or 2 cents per share, in the first quarter ended March 31, compared with net income of $126,000, or 1 cent per share, in the year-ago quarter.

The results were in line with Thomson Financial/First Call's forecasts.

Revenue for the San Jose-based distributor was $523 million, down 2 percent from $536 million in the first quarter of 2001.

"I am pleased to report a further improvement in our operating profits during the first quarter of 2002," said Don Bell, Bell Microproducts' president and CEO. "We achieved this improvement despite a generally continuing difficult market environment."

Shares of Bell Microproducts closed at $11.77 Wednesday, down 30 cents per share.

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