Mitel Networks Corp (MITL) Releases Earnings Results, Beats Expectations By $0.05 EPS

Mitel Networks Corp (MITL) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.19 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.14. The company posted revenue of $307.20 million in the period, compared to analysts expectations of $291.28 million. The company’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.

Mitel Networks Corp closed down -0.02 points or -0.27% at $7.29 with 10,02,286 shares getting traded on Tusday. Post opening the session at $7.34, the shares hit an intraday low of $7.2 and an intraday high of $7.43 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

Mitel Networks Corporation (Mitel) is a global provider of business communications and collaboration software services and solutions. The Company operates in two segments: Premise and Cloud. The Premise segment sells and supports products and services for premise-based customers. The Cloud segment sells and supports products that are deployed in a cloud environment. Mitel offers portfolios of business communications solutions which are known as unified communications and collaboration (UCC). It also offers cloud-based telephony services and network services in the United States and in select markets across the globe. It operates in three geographic markets: Americas which includes the United States Canada the Caribbean and Latin America; EMEA which includes the continent of Europe the Middle East and Africa and Asia Pacific which includes the continent of Asia and the Pacific region including Australia and New Zealand.

Mitel Networks Corp

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