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Mitel Networks reports 4Q loss

OTTAWA, Ontario (AP) _ Mitel Networks Corp. (MITL) on Thursday reported a loss of $209.2 million in its fourth quarter.

The Ottawa, Ontario-based company said it had a loss of $1.66 per share. Earnings, adjusted to account for discontinued operations and non-recurring costs, came to 22 cents per share.

The business communications and collaboration software maker posted revenue of $259.8 million in the period.

For the year, the company reported that its loss widened to $217.3 million, or $1.73 per share. Revenue was reported as $987.6 million.

For the current quarter ending in April, Mitel Networks said it expects revenue in the range of $210 million to $230 million.

Mitel Networks shares have increased 6.5 percent since the beginning of the year. The stock has climbed 4 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MITL at https://www.zacks.com/ap/MITL


Keywords: Mitel Networks, Earnings Report