ClearOne Communications Q2 Profit Meets Estimate

(RTTNews) - ClearOne Communications Inc. (CLRO) Wednesday reported second-quarter net income of $1.0 million, or $0.11 per share, compared to $0.7 million, or $0.07 per share, in the same quarter last year.

Non-GAAP net income for the latest second-quarter rose grew to $1.2 million, or $0.13 per share, from $885 thousand, or $0.10 per share in the prior year period. Analysts polled by Thomson Reuters expected the company to earn $0.10 per share in the quarter. Analysts' estimates typically exclude special items.

Meanwhile, total revenues for the quarter increased to $11.70 million from $11.66 million in the prior-year quarter.