Acme Packet (APKT) Issues Q2 Warning
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Price: $29.24 --0%
Financial Fact:
Income from operations: -6.7M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Income from operations: -6.7M
Today's EPS Names:
BTTX, VAXX, ELYS, More
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Acme Packet (Nasdaq: APKT) sees Q2 sales of $66-$68 million, which compares to the Street estimate of $73.91 million, on a non-GAAP gain of 12-13 cents per share. The Street is currently expecting Q2 EPS of 18 cents.
"We are disappointed with our preliminary results for the second quarter," said Andy Ory, President and Chief Executive Officer of Acme Packet, Inc. "Our top line results were principally impacted by continued weakness in the North American service provider market. We are completing a full review of our operations and will provide a further update on July 26th."
"We are disappointed with our preliminary results for the second quarter," said Andy Ory, President and Chief Executive Officer of Acme Packet, Inc. "Our top line results were principally impacted by continued weakness in the North American service provider market. We are completing a full review of our operations and will provide a further update on July 26th."
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