AudioCodes Trims Estimates for Q1

AudioCodes revised its financial guidance, saying revenues and earnings for the first quarter of 2007 are anticipated to be lower than previously estimated. Citing a slower than expected intake of orders, the company said it now expects revenues for the first quarter to be approximately $36 to $38 million compared to the original guidance that revenues for the first quarter would be up to a level of 5% higher than the fourth quarter of 2006. Revenues in the fourth quarter of 2006 were $42.6 million. As a result, AudioCodes also expects that it will not achieve the net income per share previously anticipated.

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