Polycom Inc Q2 Earnings Fall 2%

(RTTNews) - Polycom Inc (PLCM) announced a profit for second quarter that decreased from last year.

The company said its earnings fell to $29.4 million, or $0.21 per share. This was lower than $29.9 million, or $0.22 per share, in last year's second quarter.

Analysts had expected the company to earn $0.20 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 9.1% to $287.8 million. This was down from $316.6 million last year.

Polycom Inc earnings at a glance:

-Earnings (Q2): $29.4 Mln. vs. $29.9 Mln. last year. -Earnings Decline (Y-o-Y): -1.7% -EPS (Q2): $0.21 vs. $0.22 last year. -EPS Decline (Y-o-Y): -4.5% -Analysts Estimate: $0.20 -Revenue (Q2): $287.8 Mln vs. $316.6 Mln last year. -Revenue Change (Y-o-Y): -9.1%