Allot Communications Ltd. (ALLT) revealed Loss for second quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings came in at -$3.4 million, or -$0.09 per share. This compares with -$20.7 million, or -$0.55 per share, in last year's second quarter.
Excluding items, Allot Communications Ltd. reported adjusted earnings of -$0.8 million or -$0.02 per share for the period.
Analysts on average had expected the company to earn -$0.04 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 11.2% to $22.2 million from $25.0 million last year.
Allot Communications Ltd. earnings at a glance (GAAP) :
-Earnings (Q2): -$3.4 Mln. vs. -$20.7 Mln. last year.
-EPS (Q2): -$0.09 vs. -$0.55 last year.
-Revenue (Q2): $22.2 Mln vs. $25.0 Mln last year.
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