Tuesday, March 13, 2007

AudioCodes Trims Estimates for Q1

AudioCodes revised its financial guidance, saying revenues and earnings for the first quarter of 2007 are anticipated to be lower than previously estimated. Citing a slower than expected intake of orders, the company said it now expects revenues for the first quarter to be approximately $36 to $38 million compared to the original guidance that revenues for the first quarter would be up to a level of 5% higher than the fourth quarter of 2006. Revenues in the fourth quarter of 2006 were $42.6 million. As a result, AudioCodes also expects that it will not achieve the net income per share previously anticipated.


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