- White and Blue Collars See the Pink Slips
- Stocks Are Poised To Break Through—To New Lows
- Financial Regulation Likely to Increase: Market Pros
- Playboy Sees Sharp Ad Sales Drop, Shares Tumble
- Democrats Push Stimulus, But White House Objects
- Treasury Prices Fall Over Worries of Supply Glut
- Continuing Car Woes: Big Loss At AutoNation
- Jobless Claims Take Small Drop; Productivity Falls
- ECB Stays Restrained, Cuts by Only Half a Point
- Hooters: Will They Drop John Daly For Being Drunk?
- Holiday Stocks: Some Surprises (Part 2)
- Credit Crisis Runs Through Charles River Labs
- Holiday Shopping For Retail Stocks
- New Study Says iPhone Ranks First—For Business
- Market Rescued From 'Armageddon': Pimco's McCulley
- Global Interest Rates Drop, US Dollar Rises
- See What People Are Saying About... Holiday Spending
- McCain Food, Free Coffee, Discount Botox—Your Emails
- AP Sources: GM won't announce new plant closings
- German Report: Deutsche Post CEO faces tax charge
- Porcelain maker Royal Worcester & Spode goes bust
- Hot Topic shares up on strong October sales
- James River Coal 3rd-quarter loss widens
- DynCorp quarterly earnings drop 8 percent
- To change careers, job hunters must tailor resume
- ViaSat says 2Q profit grew 8 percent
- Fiat, Sollers look at expanding production
- Liberty Global moves to 3Q loss, misses Street
Text Size 
ST. LOUIS - Amdocs Ltd., which provides operations software to telecommunications companies, reported lower fiscal fourth-quarter profit Wednesday due to increased expenses and restructuring costs, missing Wall Street expectations.
For the period ended Sept. 30, the company reported net income of $82.7 million, or 38 cents per share, down from $96.2 million, or 43 cents per share, in the prior year's fourth quarter. Excluding one-time charges and stock-based compensation costs, profit totaled 54 cents per share.
Sales rose about 13 percent to $825.3 million from $726.7 million in the quarter.
Analysts polled by Thomson Reuters expected higher earnings of 62 cents per share on revenue of $829 million. Analyst estimates typically exclude one-time items.
Chief Executive Dov Baharav said the company's earnings also suffered under unfavorable currency exchange rates.
"Our earnings per share were adversely impacted by the unprecedented extreme volatility in exchange rates and the rapid strengthening of the U.S. dollar against other currencies," Baharav said.
Shares of Amdocs Ltd. fell $3.63, or 15 percent, to $20 in electronic afterhours trading. Shares fell 43 cents to close the regular session at $23.63.
Print
Email
Del.icio.us
Digg It
Data is a real-time snapshot *Data is delayed at least 15 minutes