TMCnet News
Mitel Networks posts 3Q loss(Associated Press Via Acquire Media NewsEdge) OTTAWA, Ontario (AP) _ Mitel Networks Corp. (MITL) on Thursday reported a loss of $5.3 million in its third quarter. On a per-share basis, the Ottawa, Ontario-based company said it had a loss of 5 cents. Earnings, adjusted for one-time gains and costs, came to 18 cents per share. The business communications and collaboration software maker posted revenue of $272.4 million in the period. For the current quarter ending in December, Mitel Networks expects its per-share earnings to range from 27 cents to 30 cents. The company said it expects revenue in the range of $290 million to $310 million for the fiscal fourth quarter. Mitel Networks shares have dropped 8 percent since the beginning of the year. The stock has increased 57 percent in the last 12 months. This story was generated by Automated Insights using data from Zacks Investment Research. MITL stock research report from Zacks. Keywords:Mitel Networks,Earnings Report |