ShoreTel Inc (SHOR) Releases Earnings Results, Beats Expectations By $0.05 EPS

ShoreTel Inc (SHOR) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.05 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 $0.00. The company posted revenue of $94.59 million in the period, compared to analysts expectations of $90.31 million. The company’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.

ShoreTel Inc closed down -0.23 points or -3.01% at $7.42 with 4,62,157 shares getting traded on Tusday. Post opening the session at $7.6, the shares hit an intraday low of $7.41 and an intraday high of $7.685 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Feb 5, 2016, Mark Bregman (director) sold 5,000 shares at $7.74 per share price. According to the SEC, on Sep 1, 2015, Kenneth D Denman (director) sold 6,367 shares at $7.40 per share price. On Jun 2, 2015, Charles Kissner (director) sold 3,168 shares at $6.86 per share price, according to the Form-4 filing with the securities and exchange commission.

Shoretel Inc. (ShoreTel) is engaged in the design development marketing and sale of business communication solutions. The Company provides business communication solutions including integrated voice video data and mobile applications based on Internet protocol (IP) technologies. It is focused on the small and medium sized businesses (less than 5000 users) with a Unified Communications platform. It provides ShoreTel solution through multiple deployment options as well as a set of applications and services for both premise and hosted deployment models consisting of ShoreTel IP Telephony ShoreTel Unified Communications ShoreTel Contact Center ShoreTel Mobility and professional services including ShoreTel Global Services and application and development professional services. It offers services including soft-switch services for ShoreTel IP Telephony as well as integrated software modules for business intelligence analytics and reporting.

ShoreTel Inc

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