Sonus Networks, Inc. (NASDAQ:SONS) reported its results for the third quarter. Sonus Networks is a provider of voice infrastructure solutions for wireline and wireless service providers.

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Sonus Networks Earnings Cheat Sheet for the Third Quarter

Results: Reported a profit of $1.9 million (one cent per diluted share) in the quarter. The communication equipment company had a net loss of $22.3 million or a loss of 8 cents per share in the year earlier quarter.

Revenue: Rose 55.4% to $66.4 million from the year earlier quarter.

Actual vs. Wall St. Expectations: SONS fell in line with the mean analyst estimate of one cent per share. It beat the average revenue estimate of $64.9 million.

Quoting Management: “Sonus is leveraging its rich history as a market-leading IP networking company into faster-growth areas, including the session border controller market,” said Ray Dolan, President and Chief Executive Officer. “Solid SBC momentum this quarter with our revenue and new customers are good indicators of the progress we are making. We look forward to reporting on our success in the coming quarters as we continue to reposition our business for higher growth opportunities.”

Key Stats:

The company fell in line with estimates last quarter after missing the mark in the previous two quarters. In the second quarter, it fell short by 3 cents, and in the first quarter, it missed by 3 cents.

SONS’ profit in the latest quarter follows losses in the previous two quarters. The company reported a net loss of $5.9 million in the second quarter and a loss of $12.4 million in the first quarter.

Revenue rose last quarter after seeing a drop the quarter before. Revenue fell 15.4% to $51.8 million in the second quarter from the year earlier.

Looking Forward: Expectations for the company’s next quarter performance are higher than they were ninety days ago. Over the past three months, the average estimate for the fourth quarter has risen to 5 cents per share from 3 cents. For the fiscal year, the average estimate has been unchanged at one cent a share.

Competitors to Watch: Alcatel-Lucent (NYSE:ALU), Cisco Systems, Inc. (NASDAQ:CSCO), Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC), TEKELEC (NASDAQ:TKLC), Tellabs, Inc. (NASDAQ:TLAB), Ditech Networks Inc. (NASDAQ:DITC), Symmetricom, Inc. (NASDAQ:SYMM), Sycamore Networks, Inc. (NASDAQ:SCMR), Performance Technologies (NASDAQ:PTIX), and Juniper Networks, Inc. (NYSE:JNPR).

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(Source: Xignite Financials)

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