ShoreTel (SHOR) Tops Q1 EPS by 3c

ShoreTel (NASDAQ: SHOR) reported Q1 EPS of $0.07, $0.03 better than the analyst estimate of $0.04. Revenue for the quarter came in at $90.4 million versus the consensus estimate of $86.4 million.

The Company entered into a new line of credit facility which increases its borrowing capacity from $50 million to $100 million and will be available until October 2019. The line of credit provides the company increased flexibility to pursue growth initiatives, make internal investments and pursue strategic opportunities.

ShoreTel sees Q2 2015 revenue of $85.0-91.0 million, versus the consensus of $87.2 million.

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

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