LOD, Israel (AP) — LOD, Israel (AP) — AudioCodes Ltd. (AUDC) on Wednesday reported third-quarter net income of $2.7 million.
On a per-share basis, the Lod, Israel-based company said it had profit of 9 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 16 cents per share.
The communication components company posted revenue of $60.2 million in the period.
AudioCodes shares have decreased 25% since the beginning of the year. The stock has decreased slightly more than 7% in the last 12 months.
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