Telecommunications software and gear manufacturer Tekelec (nasdaq: TKLC) took a 6 percent hit in revenues in the third quarter and profits fell, the company reported Thursday.
Adjusting for one-time and special expenses, Tekelec posted a $10 million or 15-cent per share profit. Wall Street analysts polled by Thomson Reuters had expected a profit of 16 cents.
A year ago, Tekelec, a global leader in text messaging and numbering technology, reported a profit of 27 cents per share, or more than $18 million.
Orders fell 14 percent from a year ago to $81.1, but Tekelec did note that its newer product demand grew by 37 percent.
Revenues fell to $108.3 million from $114.9 million in 2009.
Tekelec also cut its guidance for the year to a revenue range of between $430 million and $440 million with earnings of between 30-35 cents. Revenue expectations had been from $430 million to $450 million, Profit guidance had been between 30-40 cents per share
Tekelec shares traded 26 cents higher at $13.42 in late-morning trading.
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