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Short Take: Net telephony gear maker posts profit

Internet telephony equipment maker Clarent posted a third-quarter profit of $1.6 million, or 4 cents per share, compared to a loss of $2.3 million, or 9 cents per share during the same time last year. The figures exclude one-time charges. A consensus of analysts had expected a loss of 3 cents per share, according to a poll taken by First Call/Thomson Financial. Third-quarter revenue jumped 244 percent, from $13.2 million last year to $45.5 million this year.

    Internet telephony equipment maker Clarent posted a third-quarter profit of $1.6 million, or 4 cents per share, compared to a loss of $2.3 million, or 9 cents per share during the same time last year. The figures exclude one-time charges. A consensus of analysts had expected a loss of 3 cents per share, according to a poll taken by First Call/Thomson Financial. Third-quarter revenue jumped 244 percent, from $13.2 million last year to $45.5 million this year.