Sonus Networks Sees Loss In Q4; Cuts FY16 Forecast - Quick Facts

(RTTNews) - Sonus Networks, Inc. (SONS), a secure and intelligent Cloud communications provider, provided fourth quarter earnings and revenues outlook, and trimmed forecast for fiscal 2016.

For the fourth quarter, excluding Taqua Acquisition, the company expects loss per share between $0.05 and $0.02 on a reported basis. Adjusted earnings per share are expected to be $0.09 to $0.12. Revenue for the quarter is expected to be $65 million to $67 million.

Including Taqua Acquisition, loss per share for the quarter would be $0.13 to $0.10, adjusted earnings per share would be $0.04 to $0.07, and revenues would be $66.8 million to $68.8 million.

On average, 8 analysts polled by Thomson Reuters expect earnings of $0.16 per share for the fourth quarter. Revenues are expected to be $77.92 million. Analysts' estimates typically exclude special items.

For fiscal 2016, excluding Taqua Acquisition, the company now expects loss per share between $0.27 and $0.24 on a reported basis. Adjusted earnings per share are expected to be $0.33 to $0.36. Revenue for the quarter is expected to be $250 million to $252 million.

Including Taqua acquisition, loss per share for the year would be $0.36 to $0.33, adjusted earnings per share would be $0.27 to $0.30, and revenues would be $252 million to $254 million.

The company previously expected reported loss per share of $0.22 to $0.18, adjusted earnings per share of $0.35 to $0.39, and revenues of $257 million to $263 million.

Analysts expect earnings of $0.36 per share on revenues of $262.62 million for the year.