Tekelec this morning reported weaker quarterly results and lowered its financial outlook for the third time this year, a sign that the slower global economy continues to hurt demand for its telecommunications equipment.
The Morrisville-based company sells products and services to cell phone carriers and other customers, including equipment that starts and ends phone calls. It also helps carriers manage traffic on mobile networks.
Revenue for the quarter that ended Sept. 30 fell to $108.3 million, down 6 percent from a year earlier, led by a decline in sales of older equipment in emerging markets. The company also posted a small loss, reversing a $9.4 million profit a year ago.