Sonus Networks, Inc. Profit Drops 61% In Q4

(RTTNews) - Sonus Networks, Inc. (SONS) announced earnings for fourth quarter that lost ground compared to the same period last year.

The company said its earnings fell to $4.50 million, or $0.09 per share. This was lower than $11.58 million, or $0.23 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.05 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 11.5% to $67.57 million. This was down from $76.33 million last year.

Sonus Networks, Inc. earnings at a glance:

-Earnings (Q4): $4.50 Mln. vs. $11.58 Mln. last year. -Earnings Decline (Y-o-Y): -61.1% -EPS (Q4): $0.09 vs. $0.23 last year. -EPS Decline (Y-o-Y): -60.9% -Analysts Estimate: $0.05 -Revenue (Q4): $67.57 Mln vs. $76.33 Mln last year. -Revenue Change (Y-o-Y): -11.5%