AudioCodes Ltd (AUDC) reported earnings for third quarter that decreased from the same period last year and missed the Street estimates.
The company's earnings totaled $2.679 million, or $0.09 per share. This compares with $4.252 million, or $0.14 per share, in last year's third quarter.
Excluding items, AudioCodes Ltd reported adjusted earnings of $4.899 million or $0.16 per share for the period.
Analysts on average had expected the company to earn $0.23 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 2.2% to $60.243 million from $61.591 million last year.
AudioCodes Ltd earnings at a glance (GAAP) :
-Earnings (Q3): $2.679 Mln. vs. $4.252 Mln. last year.-EPS (Q3): $0.09 vs. $0.14 last year.-Revenue (Q3): $60.243 Mln vs. $61.591 Mln last year.
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