Acme Packet falls 16% in pre-market on preliminary Q2 earnings

Acme Packet Inc. (Nasdaq:APKT) dropped more than 16% ahead of the bell Thursday after the company provided an updated second-quarter earnings outlook that fell below Wall Street expectations. The Burlington, Mass.-based telecommunications company forecast second-quarter earnings between $0.2 million and $1.2 million, or below $0.01 to $0.02 per share. It expects revenue of $24.5 million to $25.5 million. Analysts were expecting revenue of $34 million, Thomson Financial reported.

Shares of Acme Packet fell 16.5% in pre-market trading on Thursday to $6.40 apiece, about $1.28 below Wednesday’s close.

For detailed price information and recent news stories on Acme Packet Inc., click APKT.

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