Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Acme Packet (APKT) -- Ignore unavailable to you. Want to Upgrade?

To: Paul Chiu who wrote (139)	5/3/2007 4:40:08 AM
From: John Carragher	Respond to of 291

Acme Packet 1Q Net Income Falls Wednesday May 2, 5:26 pm ET Acme Packet 1st-Quarter Earnings Decline, Hurt by Higher Expenses, but Meets Street Estimates BURLINGTON, Mass. (AP) -- Acme Packet Inc., a maker of communications equipment that routes voice and data over IP networks, said Wednesday its first-quarter profit fell 29 percent, as expenses outpaced revenue growth. Quarterly earnings totaled $4.3 million, or 6 cents per share, down from $6 million, or 11 cents per share, during the same period last year as operating expenses climbed 68 percent to $14.5 million. Excluding stock-based compensation costs, the company would have earned $5 million, or 8 cents per share, in the latest quarter. Revenue rose 33 percent to $25.1 million from $18.9 million a year ago, due to "strong traction" from new and existing customers. Analysts polled by Thomson Financial expected profit excluding items of 8 cents per share on revenue of $25 million. Acme Packet, which went public in October, saw shares rise 54 cents, or 4.1 percent, to close at $13.80 on Wednesday. Acme Sees Higher Expenses in 2007 Wednesday May 2, 5:28 pm ET Acme Packet Expects Higher Stock-Option Expense, Issues 2007 Outlook Below Analysts' Forecast BURLINGTON, Mass. (AP) -- Acme Packet Inc., a maker of communications equipment that routes voice and data over IP networks, said Wednesday it expects revenue to grow in each quarter of 2007 but also sees higher-than-expected stock option costs. The company, which went public in October, forecast 2007 revenue between $108 million and $112 million, and earnings of $14.5 million to $15.5 million, or 22 cents to 24 cents per share. Adjusted earnings, which exclude a 6-cent stock-option expense, are expected to range between 28 and 30 cents per share. Previously, the company said it expected to record 3 cents per share of stock-based compensation costs. Analysts polled by Thomson Financial are looking for higher adjusted profit of 34 cents per share on revenue of $113.4 million. Shares closed up 54 cents, or 4.1 percent, at $13.80 on Wednesday