NEW YORK (TheStreet) -- Shares of Comverse Inc. (CNSI) are down by 4.83% to $22.05 in mid-afternoon trading on Tuesday, after the company reported a net loss for the 2014 second quarter of $16.8 million, or a loss of 75 cents per share, compared to a loss of $17 million, or 77 cents per share for the year ago period.
Analysts polled by Thomson Reuters expected the quarterly loss to narrow and forecast the company would post a loss of 15 cents per share.
The company, which provides software and systems enabling services, said revenue for the most recent quarter was $115.3 million versus $169.7 million for the 2013 second quarter.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Analysts expected $119.67 million in revenue for the quarter.CNSI data by YCharts
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