Acme Packet Misses Estimates

Shares of Acme Packet

are halted in the after-hours following the release of the company's Q4 earnings results. Shares ended the regular session higher by 6.08%, at $30.89. Acme Packet reported Q4 EPS of $0.26 on revenues of $83 million; revenues increased 18% year over year. The Street was looking for $0.27 per share on revenues of $84.83 million. FY 2011 total revenue came in at $307.3 million, an increase of 33% year over year. Net income on a non-GAAP basis in 2011 was $72.3 million, or $1.02 per share, compared to $55.0 million, or $0.81 per share, in the same period last year. Acme Packet, Inc. is a provider in session border control solutions, which enable the delivery interactive communications, such as voice, video and multimedia sessions, and data services across Internet protocol, network borders.