Sonus Networks, Inc. Announces 11% Advance In Q3 Profit

(RTTNews) - Sonus Networks, Inc. (SONS) reported a profit for its third quarter that advanced compared to the same period last year.

The company said its bottom line came in at $6.22 million, or $0.12 per share. This was up from $5.59 million, or $0.11 per share, in last year's third quarter.

Analysts had expected the company to earn $0.09 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.2% to $65.01 million. This was down from $67.86 million last year.

Sonus Networks, Inc. earnings at a glance:

-Earnings (Q3): $6.22 Mln. vs. $5.59 Mln. last year. -Earnings Growth (Y-o-Y): 11.3% -EPS (Q3): $0.12 vs. $0.11 last year. -EPS Growth (Y-o-Y): 9.1% -Analysts Estimate: $0.09 -Revenue (Q3): $65.01 Mln vs. $67.86 Mln last year. -Revenue Change (Y-o-Y): -4.2%

-Guidance: Next quarter EPS guidance: $0.09 - $0.12 Next quarter revenue guidance: $65 - $67 Mln Full year EPS guidance: $0.33 - $0.36 Full year revenue guidance: $250 - $252 Mln