Acme Packet sees weak Q3 after AT&T order delay

Reuters News
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Posted: Oct 04, 2011 6:48 PM

(Reuters) - Acme Packet Inc <APKT.O> forecast third-quarter results much below analysts' estimates on customer AT&T <T.N> delaying orders, sending its shares down 24 percent after market.

The company expects to report July-September adjusted earnings of 20-22 cents a share on sales of about $70 million.

Acme said AT&T faced delays in the initial deployment of its 4G LTE network, but expects the deal to close in the third week of this month. Acme maintained its full-year outlook.

Acme shares, which had closed at $40.15 on Tuesday on Nasdaq, were down at $32.60 after market.

(Reporting by Fareha Khan and Satyanarayan Iyer in Bangalore; Editing by Maju Samuel)