Acme Packet Q3 Tops Ests; Boosts Full-Year View; But Shrs Off

Acme Packet (APKT) shares are trading lower after hours despite a strong Q3 financial report.

For the quarter, the provider of border controllers posted revenue of $56.6 million and non-GAAP profits of 20 cents a share, ahead of the Street at $55 million and 19 cents.

For the full year, the company now sees revenue of $220 million to $221 million, up from previous guidance of $214 million to $218 million, with non-GAAP profits of� 76-77 cents a share, up from 72-74 cents previously.

Nonetheless, APKT in late trading is down $1.67, or 4.2%, to $38.02.