AudioCodes Ltd (AUDC) revealed a profit for its second quarter that increased from the same period last year but missed the Street estimates.
The company's earnings totaled $3.774 million, or $0.12 per share. This compares with $1.055 million, or $0.03 per share, in last year's second quarter.
Excluding items, AudioCodes Ltd reported adjusted earnings of $5,529 million or $0.18 per share for the period.
Analysts on average had expected the company to earn $0.19 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 0.5% to $60.30 million from $60.02 million last year.
AudioCodes Ltd earnings at a glance (GAAP) :
-Earnings (Q2): $3.774 Mln. vs. $1.055 Mln. last year.
-EPS (Q2): $0.12 vs. $0.03 last year.
-Revenue (Q2): $60.30 Mln vs. $60.02 Mln last year.
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