Sonus Networks Slips To Loss In Q4

(RTTNews) - Sonus Networks Inc. (SONS) reported that its fourth-quarter net loss was $2.19 million or $0.04 per share compared to net income of $272 thousand in the prior year.

Non-GAAP earnings per share grew to $0.15 from $0.12 last year.

Total revenue for the quarter grew to $76.80 million from $76.15 million in the prior year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.15 per share and revenues of $77.22 million. Analysts' estimates typically exclude special items.

For the first-quarter, the company expects earnings per share to be $0.03, and total company revenue of $74 million. Analysts expect the company to report earnings of $0.04 per share and revenues of $73.58 million.

Looking ahead for fiscal 2015, the company projects earnings per share to be $0.54 to $0.58 and total company revenue of $326 million to $330 million. Wall Street currently is looking for fiscal year 2015 earnings of $0.56 per share on annual revenues of $327.42 million.