LOD, Israel (AP) — LOD, Israel (AP) — AudioCodes Ltd. (AUDC) on Tuesday reported a first-quarter loss of $182,000, after reporting a profit in the same period a year earlier.
The Lod, Israel-based company said it had a loss of 1 cent per share. Earnings, adjusted for one-time gains and costs, came to 8 cents per share.
The communication components company posted revenue of $59.2 million in the period.
AudioCodes shares have fallen 44% since the beginning of the year. The stock has declined 55% in the last 12 months.
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