ShoreTel (SHOR) Misses Q3 EPS by 2c

ShoreTel (NASDAQ: SHOR) reported Q3 EPS of ($0.06), $0.02 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $85.2 million versus the consensus estimate of $88.55 million.

"In the fiscal third quarter we accelerated both cloud bookings and hosted revenue, with particular strength from mid-market and enterprise customers" said Don Joos, president and CEO of ShoreTel. "We continued to execute on our five catalysts for growth as we introduced new ShoreTel Connect features, expanded our cloud geographic footprint, and launched the premises to cloud migration program to leverage our installed base to drive hosted revenue growth."

For earnings history and earnings-related data on ShoreTel (SHOR) click here.

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