AIRPORT CITY LOD ISRAEL, Israel (AP) — AudioCodes Ltd. (AUDC) on Tuesday reported fourth-quarter net income of $8.4 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Airport City Lod Israel, Israel-based company said it had profit of 24 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 44 cents per share.
The communication components company posted revenue of $58.7 million in the period.
For the year, the company reported profit of $27.2 million, or 83 cents per share. Revenue was reported as $220.8 million.
AudioCodes shares have increased 22% since the beginning of the year. The stock has climbed 20% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AUDC at https://www.zacks.com/ap/AUDC
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