Acme Packet Plunges on Disappointing Q2

Acme Packet APKT released its fiscal second-quarter earnings results after the closing bell on Thursday. The company reported EPS of $0.13 on revenues of $67.6 million. This compared to analysts' consensus EPS estimates of $0.13 on revenues of $67.3 million. Looking ahead, Acme Packet sees EPS in a range between $0.43 to $0.47 on revenues of $270 million to $275 million. This compares to the company's previous EPS guidance of $0.96 to $1.00 and current consensus of $0.76 on revenues of $302.6 million. In the after hours trading session, APKT plunged more than 14% to $13.83.