Rochester, NY 7/16/2009 4:16:03 AM
ECTX - ECtel Ltd. Issues Outlook for Financial Results, Fourth Quarter 2008
ECtel Ltd.
ECtel Ltd., ECTX
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ECtel Ltd. announced that for the fourth quarter 2008, revenues are expected to be in the range of $4.5-$4.8 million, compared with the $5.8-$7.8 million range, implicit within the last annual guidance range, and a non-GAAP net loss per share range of $0.17-$0.19. For fiscal 2008, revenues are expected to be in the range of $24.7-$25 million compared with a formerly anticipated range of $26-$28 million and a non-GAAP net loss per share of $0.42-$0.44. According to Reuters Estimates, analysts were expecting the Company to report revenue of $6.80 and non-GAAP earnings per share (EPS) of $(0.07) for the fourth quarter of 2008; revenue of $27 million and non-GAAP EPS of $(0.32) for fiscal 2008.
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