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Mellanox Drops 5%: Q3 Revenue Just Misses Consensus

Computer networking and connectivity provider Mellanox Technologies (MLNX) is down $2.30, or 5%, at $43.50, in late trading, after the company this afternoon reported Q3 revenue that missed analysts’ expectations slightly, while profit per share topped consensus, and its forecast for this quarter's revenue was lighter than expected.

Revenue in the three months ended in September rose fractionally from the prior-year period to $225.7 million, yielding EPS of 71 cents, excluding some costs.