Calix: 3Q Earnings Snapshot

Associated Press
Updated

SAN JOSE, Calif. (AP) _ Calix Inc. (CALX) on Tuesday reported a third-quarter loss of $3.4 million, after reporting a profit in the same period a year earlier.

The San Jose, California-based company said it had a loss of 6 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 6 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.

The maker of telecommunications equipment posted revenue of $114.5 million in the period.

For the current quarter ending in December, Calix expects its results to range from a loss of 1 cent per share to earnings of 3 cents per share.

The company said it expects revenue in the range of $117 million to $121 million for the fiscal fourth quarter.

Calix shares have fallen 26% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $7.17, a decline of roughly 2% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CALX at https://www.zacks.com/ap/CALX