WESTFORD, Mass. (AP) _ Sonus Networks Inc. (SONS) on Wednesday reported a fourth-quarter loss of $2.6 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Westford, Massachusetts-based company said it had a loss of 5 cents. Earnings, adjusted for one-time gains and costs, came to 9 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The maker of technology for telephone services over internet networks posted revenue of $67.6 million in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $67.7 million.
For the year, the company reported that its loss narrowed to $13.9 million, or 28 cents per share. Revenue was reported as $252.6 million.
For the current quarter ending in April, Sonus said it expects revenue in the range of $52 million.
The company expects full-year earnings to be 26 cents per share.
Sonus shares have increased almost 8 percent since the beginning of the year. The stock has fallen 2 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SONS at https://www.zacks.com/ap/SONS
Keywords: Sonus Networks, Earnings Report