Tekelec Top Street Estimates even as Revenues Drop

Telecommunications gear provider Tekelec beat Wall Street estimates with a 12-cent per share second quarter profit, the company reported Wednesday

Analysts polled by Thomson Financial had expected an 11 cent profit on revenues of $103.5 million. Tekelec (NASDAQ: TKLC) reported $110 million in sales.

Revenues from continuing operations actually dropped 8 percent from $119 million a year ago.

Chief Executive Officer Frank Plastina said he was “pleased” with the results from continuing operations by “disappointed by our volume of orders.” He did not that seven new customers had signed on for Tekelek signaling gear overseas.