Polycom Inc Q4 Profit Drops 4%

(RTTNews) - Polycom Inc (PLCM) released earnings for fourth quarter that dropped compared to the same period last year.

The company said its profit totaled $32.1 million, or $0.23 per share. This was lower than $33.6 million, or $0.24 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.23 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 9.2% to $316.8 million. This was down from $348.9 million last year.

Polycom Inc earnings at a glance:

-Earnings (Q4): $32.1 Mln. vs. $33.6 Mln. last year. -Earnings Decline (Y-o-Y): -4.5% -EPS (Q4): $0.23 vs. $0.24 last year. -EPS Decline (Y-o-Y): -4.2% -Analysts Estimate: $0.23 -Revenue (Q4): $316.8 Mln vs. $348.9 Mln last year. -Revenue Change (Y-o-Y): -9.2%