BroadSoft Stock Falls As Guidance Misses Expectations

BroadSoft's (BSFT) reported second-quarter earnings and sales that beat analyst expectations Monday, but the telecom software provider missed on current-quarter guidance, sending shares down.

XAutoplay: On | OffBroadSoft fell 4.3% to 40.90 on  the stock market today.

BroadSoft reported adjusted earnings of 40 cents, down 18% from a year earlier but topping estimates of 29 cents. BroadSoft said revenue rose 9% to $88.8 million. Analysts had modeled $86.6 million.

For the current quarter,

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