July 29, 2010 / 9:24 PM / 9 years ago

UPDATE 2-Acme Packet FY10 revenue view disappoints, shares fall

* Q2 adj EPS $0.18 vs est $0.17

* Q2 rev $53.3 mln vs est $52.5 mln

* FY revenue view disappoints on historical comparisons

* Shares down 14 pct in after-market trade (Recasts, updates share movement)

July 29 (Reuters) - Acme Packet Inc’s APKT.O quarterly results narrowly topped Wall Street expectations, but the company’s 2010 revenue view failed to beat market expectations by as much as it has historically, sending shares down 14 percent in trading after the bell.

The company, which provides devices used for communications across Internet protocol, had forecast full-year revenue well ahead of analysts’ expectations in each of the last three quarters.

Acme Packet raised it full-year revenue forecast to $214 million to $218 million, the lower end of which is in line with analysts’ view of $214.4 million.

In April, it had forecast 2010 revenue of $204 million to $208 million.

The company expects full-year 2010 adjusted profit view of 72 cents a share to 74 cents a share, above Wall Street’s view of 68 cents a share.

For the second quarter, the company earned $9.7 million, or 14 cents a share, compared with a profit of $1.7 million, or 3 cents a share, in the year-ago period. Excluding items, it earned 18 cents a share.

Revenue rose 62 percent to $53.3 million.

Analysts were expecting earnings of 17 cents per share, on revenue of $52.5 million, according to Thomson Reuters I/B/E/S.

Shares of Acme Packet, which makes session border controllers that are used to connect networks operated by service providers and enterprise customers, were trading at $27.97 after the bell. They closed at $32.39 Thursday on Nasdaq. (Reporting by Sudipto Ganguly in Bangalore; Editing by Roshni Menon)

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