Polycom (PLCM) Reports In-Line Q3 EPS

Polycom (NASDAQ: PLCM) reported Q3 EPS of $0.21, in-line with the analyst estimate of $0.21. Revenue for the quarter came in at $303 million versus the consensus estimate of $310.04 million.

“In the third quarter of 2015, we delivered non-GAAP earnings-per-share consistent with our expectations and achieved year-over-year growth in operating margins,” said Peter Leav, President and Chief Executive Officer. “Improving operational performance and making sound strategic investments remain top priorities for Polycom. Additionally, we are very excited about the game-changing products that we recently announced.”

“In the third quarter, Polycom generated $26 million in operating cash flow and repurchased $25 million of common stock under our current share repurchase program,” said Laura Durr, Chief Financial Officer and Executive Vice President. “We continue to be good stewards of our capital and remain focused on improving operational performance.”

For earnings history and earnings-related data on Polycom (PLCM) click here.

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