Polycom, Inc. Falls on Another Mixed Quarter


Story by Steve Symington, The Motley Fool

Polycom (NASDAQ:PLCM) has struggled to find top-line growth so far in 2015, and its latest quarter was no exception. After the video-conferencing specialist announced another quarter of mixed results, Polycom stock fell around 2% in Wednesday’s after-hours trading.

The headline numbers
Specifically, Polycom’s second-quarter revenue declined 5% year over year to $316.6 million. That translated to 1% growth in adjusted net income to $29.9 million, and a 5% increase in earnings per share to $0.22. Analysts, on average, were anticipating the same earnings of $0.22 per share, but on significantly higher revenue of $332.5 million.

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