ShoreTel swings to 4Q loss, beats Street view

For the three months ended June 30, ShoreTel posted a loss of $47,000, or breakeven on a per-share basis. In the same period last year, the company earned $1.9 million, or 5 cents per share.

Revenue rose 20 percent to $34.7 million from $28.9 million in the year-ago quarter.

ShoreTel's report was better than Wall Street was expecting. Analysts polled by Thomson Reuters had predicted a loss of one cent per share on $31.7 million in sales.

Total operating expenses rose 30 percent to $21.8 million, depressing earnings.

For the full year, ShoreTel's earnings sank 56 percent to $2.63 million, or 6 cents per share as revenue jumped 32 percent to $128.7 million.

Analysts were looking for earnings of 16 cents per share on sales of $125.7 million.

In the current fiscal first quarter, ShoreTel forecast its gross margin will slip slightly to a range of 61 percent to 62 percent, from 62.5 percent in the fourth quarter. The company predicts operating expenses will rise to a range of $24 million to $25 million.

Shares of ShoreTel jumped 39 cents, or 7.4 percent, to $5.69 in after-hours trading, after falling 12 cents, or 2.2 percent, to close the regular session at $5.30.

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