Shares of Acme Packet Inc. were down nearly 15 percent in midafternoon trading Friday after the Bedford telecommunications company warned earlier in the day that it expects its second-quarter results to be disappointing.
“We are disappointed with our preliminary results for the second quarter,’’ company president and chief executive Andy Ory said in a statement. “Our top line results were principally impacted by continued weakness in the North American service provider market.’’
The company is scheduled to release final financial results for the quarter and update its full year business outlook on July 26.
As of midafternoon Friday, company shares were trading at $15.72, down $2.68, or 14.57 percent.
The Dow Jones industrial average was down about 179 points, or 1.3 percent, after the US government issued a weak jobs report for June.