AudioCodes: Jumps on third-quarter revenue, profit beat

Audiocodes

27/10/2020 10:19

** U.S.-listed shares of voice networking and media
processing solutions firm  AUDC.O  up 6.5% at $33.51 premarket
    ** Co posts Q3 rev of $56.6 mln vs estimate of $55.63 mln,
according to Refinitv IBES  urn:newsml:reuters.com:*:nPn8bV4MJa
    ** AUDC's rev rose due to increased demand in its leading
businesses as more people work from home due to the coronavirus
outbreak  
    ** Co posts adj net income of $0.38/share vs estimate of
$0.31/share, according to Refinitv IBES
    ** Up to Monday's close, AUDC shares are up 22.5% YTD

 (Reporting by Lasya Priya M in Bengaluru)
 ((LasyaPriya.M@thomsonreuters.com))