Acme Packet (APKT) Posts Poor Q3 Outlook, Reaffirms FY11 Guidance
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Financial Fact:
Total other income (expense), net: 52K
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Total other income (expense), net: 52K
Today's EPS Names:
BTTX, VAXX, ELYS, More
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Acme Packet (NASDAQ: APKT) today provided a financial update for the quarter ended September 30, 2011 and reaffirmed its business outlook for 2011. The Company will release final financial results for the third quarter on Thursday, October 20, 2011 after the market closes.
Based on preliminary third quarter estimates which are subject to change, the Company expects:Total revenues to be approximately $70 million, non-GAAP1 gross margin to be approximately 84%, and EPS on a non-GAAP1 basis to be between $0.20 and $0.22. The consensus for the quarter is EPS of $0.30 with $82.77 million in revenue.
The Company today reaffirmed its previous business outlook for 2011 of Total revenues for 2011 to range between $315 million and $320 million, Total revenue growth rate for 2011 to range between 36% and 38%, Total non-GAAP EPS to range between $1.14 and $1.18, and Total non-GAAP EPS growth rate to range between 43% and 48%. The consensus is EPS of $1.18 with $326.25 million in revenue.
Based on preliminary third quarter estimates which are subject to change, the Company expects:Total revenues to be approximately $70 million, non-GAAP1 gross margin to be approximately 84%, and EPS on a non-GAAP1 basis to be between $0.20 and $0.22. The consensus for the quarter is EPS of $0.30 with $82.77 million in revenue.
The Company today reaffirmed its previous business outlook for 2011 of Total revenues for 2011 to range between $315 million and $320 million, Total revenue growth rate for 2011 to range between 36% and 38%, Total non-GAAP EPS to range between $1.14 and $1.18, and Total non-GAAP EPS growth rate to range between 43% and 48%. The consensus is EPS of $1.18 with $326.25 million in revenue.
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