ShoreTel (SHOR) Tops Q4 EPS by 8c, Offers Guidance

ShoreTel (NASDAQ: SHOR) reported Q4 EPS of $0.12, $0.08 better than the analyst estimate of $0.04. Revenue for the quarter came in at $94.4 million versus the consensus estimate of $87.41 million.

ShoreTel sees Q1 2016 revenue of $86-91 million, versus the consensus of $88.42 million.

• Non-GAAP gross margin, which excludes approximately one and one-half percentage points in stock-based compensation charges, amortization of acquisition-related intangibles and other adjustments, is expected to be in the range of 62 percent to 63 percent. GAAP total gross margin is expected to be in the range of 60.5 percent to 61.5 percent.
• Non-GAAP operating expenses, which exclude approximately $2.5 million in stock-based compensation expenses, amortization of acquisition-related intangibles and other adjustments, are expected to be in the range of $52 million to $53 million. GAAP total operating expenses are expected to be in the range of $54.5 million to $55.5 million.

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

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