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Alexkid

Acme Packet posts higher third-quarter profit on stronger sales
(AP) 08:05:00 PM (ET), Thursday, October 29, 2009 (BURLINGTON, Mass.)
Acme Packet Inc. said Thursday that stronger sales of its communications equipment and services helped its third-quarter profit nearly double.

The company also raised its outlook for the year to a profit of 34 cents to 35 cents per share. The previous guidance was 28 cents to 30 cents per share, excluding one-time charges.

Shares of Acme advanced 89 cents, or 9 percent, to $10.75 in after hours trading, after gaining 42 cents to $9.86 during the regular session.

For the three months ending Sept. 30, the company earned $3.6 million, or 6 cents per share, compared to $2 million, or 3 cents per share in the year-ago period.

Quarterly revenue was $36.3 million, compared to $28.4 million in the third quarter of last year. Excluding one-time charges, income was $5.7 million, or 9 cents per share.

The performance beat Wall Street expectations. On average, analysts polled by Thomson Reuters expected a profit of 7 cents per share on revenue of $33.9 million.


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* So far this week,Acme Packet has shown the best gains.
This is a good day's total. This is what's important. The outlook for the year to a profit of 34 cents to 35 does matter. Maybe a 1cent difference,it's big enough to call it a "sizeable" gain. *

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