Polycom Q2 Profit Declines; Yet Tops View - Quick Facts

(RTTNews) - Polycom, Inc. (PLCM), a leader in open standards-based unified communication and collaboration, Tuesday reported second-quarter net income of $5.3 million, or $0.03 per share, compared to $6.3 million, or $0.04 per share in the same period last year.

Further, adjusted net income for the quarter was $25.9 million or $0.15 per share, down from $38.6 million or $0.22 per share in the prior year quarter. Analysts polled by Thomson Reuters expected the company to report profit of $0.14 per share. Analysts' estimates typically exclude special items.

Total revenues decreased to $345.23 million, from $358.50 million in the prior year, while fourteen analysts had a consensus revenue estimate of $341.43 million for the quarter.