• Most Popular
  • Most Shared

UPDATE 1-ShoreTel Q4 results edge past Street

Wed Aug 12, 2009 5:02pm EDT

Stocks

   

* Q4 adj shr $0.03 vs est $0.01

* Q4 revenue $32.4 mln vs est $32.1 mln

* Sees Q1 revenue $30 mln-$35 mln

* Sees Q1 gross margins 62 pct-63 pct

Aug 12 (Reuters) - ShoreTel Inc (SHOR.O) posted quarterly results that edged past market estimates, helped partly by an increase in order volume, and forecast first-quarter revenue in line with analysts' expectations.

ShoreTel, which provides business phone systems carried over the Internet, posted a fourth-quarter net loss of $688,000, or 2 cents a share, compared with a loss of $47,000, or breakeven per share, a year ago.

Excluding items, it earned 3 cents a share, beating market expectations of 1 cent a share.

Revenue dipped 7 percent to $32.4 million.

Analysts on average were expecting revenue of $32.1 million, according to Reuters Estimates.

For the first quarter, the company, expects revenue of $30 million to $35 million, in line with analysts' expectations of $33.2 million.

Shares of the Sunnyvale, California-based company closed at $7.73 Wednesday on Nasdaq. (Reporting by Manasi Phadke in Bangalore; Editing by Anne Pallivathuckal)



More from Reuters

Opponents of the proposed U.S. health care bill are pictured during a rally outside the U.S. Capitol Building in Washington, March 21, 2010. Democratic leaders in the House of Representatives on Sunday said they had the votes to pass a landmark healthcare reform bill seen as critical to President Barack Obama's political standing and legislative agenda. REUTERS/Jason Reed

Anti-abortion Democrats reach deal

Democrats are confident they have nailed down the votes needed to pass Obama's historic overhaul of healthcare.  Full Article | Video 

Healthcare reform
A soldier guards hundreds of bags of wheat seed in the isolated district of Nad Ali's district centre in the west of Helmand province, October 17, 2009

Dirty money and Afghan war

As the war in Afghanistan enters its ninth year, the U.S. has finally realized the best way to stop the conflict is to cut the flow of drug money, columnist Bernd Debusmann writes.   Commentary 

    Afghanistan
    An H1N1 flu vaccine inoculation is given at the Geisinger Medical Center in Danville, Pennsylvania October 28, 2009. REUTERS/Brad Bower

    A new stab at conquering pain

    Millions of people worldwide suffer chronic pain that can last weeks, months or years but relief may be on the way.  Full Article 

      Pharmaceuticals