VANCOUVER, British Columbia, July 20 (Reuters) - Aastra Technologies Ltd posted a 4 percent drop in quarterly earnings on Tuesday in part as revenue earned offshore was reduced by a stronger Canadian dollar.
The telecom equipment maker said second-quarter earnings fell to C$5.3 million, or 37 Canadian cents a share, from C$5.5 million, or 40 Canadian cents a share, a year ago.
Revenue dipped 13 percent to C$171.2 million.
Analysts, on average, had expected Aastra to report earnings of 48 Canadian cents a share on revenue of C$169 million.
Aastra sells Internet protocol-based and traditional communications networking products and systems, such as telephone terminals and servers. Its customers are mostly small and mid-sized businesses around the world, though Germany is its biggest market.
($1=$1.04 Canadian)
(Reporting by Nicole Mordant; editing by Rob Wilson) Keywords: AASTRA/ (nicole.mordant@reuters.com; +1 604 664 7315; Reuters Messaging: nicole.mordant.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The telecom equipment maker said second-quarter earnings fell to C$5.3 million, or 37 Canadian cents a share, from C$5.5 million, or 40 Canadian cents a share, a year ago.
Revenue dipped 13 percent to C$171.2 million.
Analysts, on average, had expected Aastra to report earnings of 48 Canadian cents a share on revenue of C$169 million.
Aastra sells Internet protocol-based and traditional communications networking products and systems, such as telephone terminals and servers. Its customers are mostly small and mid-sized businesses around the world, though Germany is its biggest market.
($1=$1.04 Canadian)
(Reporting by Nicole Mordant; editing by Rob Wilson) Keywords: AASTRA/ (nicole.mordant@reuters.com; +1 604 664 7315; Reuters Messaging: nicole.mordant.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.