Polycom Slips To Loss, Yet Tops Estimates; Stock Up 5%

(RTTNews) - Polycom Inc. (PLCM) Wednesday reported fourth-quarter net loss of $2 million or $0.01 per share compared with net income of $2 million or $0.01 per share last year.

Excluding items, adjusted earnings for the quarter were $25 million or $0.16 per share compared with $30.7 million or $0.17 per share a year ago.

Revenues for the quarter were $348 million compared with $353 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.15 per share on revenues of $341.58 million for the quarter. Analysts' estimates typically exclude special items.

San Jose, California-based Polycom provides standards-based unified communications and collaboration solutions for voice and video collaboration.

Polycom shares are gaining 4.67% at $12.32 in after-hours trade on the Nasdaq.