Friday, July 6, 2012

Acme Packet (Nasdaq: APKT) forecasts weak 2nd qtr

Acme Packet (Nasdaq: APKT) forecasts weak 2nd qtrPalm Beach, FL 7/6/12 (StreetBeat) -- Network gear maker Acme Packet Inc (Nasdaq: APKT) forecast second-quarter results below analysts' expectations, hurt mainly by continued weakness in the North American telecom service provider market.

The company forecast second-quarter adjusted earnings of 12 cents to 13 cents per share on revenue between $66 million and $68 million.

Analysts were expecting earnings of 18 cents per share, excluding items, on revenue of $73.9 million, according to Thomson Reuters I/B/E/S.

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