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Technology Stocks : SONS

SONS 7.830

+2.8%

Nov 28 4:00 PM EST

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From: Bill Wolf	7/30/2009 8:33:09 AM
	of 1575

6:30AM Sonus Networks reports Q2 EPS of $0.02 vs ($0.04) First Call consensus; revs $61.6 mln vs $47.24 mln First Call consensus (SONS) 1.78 : "We made progress in the second quarter," said Richard Nottenburg, president and chief executive officer of Sonus Networks. "The cost and realignment actions we initiated in the second half of 2008, combined with improving efficiency in our operations, helped us achieve profitability in the second quarter. While there is still much to do, we are laying the groundwork for positive operating leverage once we return to a more normal economic environment. We believe the strength of our balance sheet provides us with the stability and resources we need to achieve our plan." finance.yahoo.com

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