Calix: Q2 Earnings Snapshot
SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Calix Inc. (CALX) on Monday reported a second-quarter loss of $8 million, after reporting a profit in the same period a year earlier.
The San Jose, California-based company said it had a loss of 12 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to 9 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The cloud, software platforms, systems and services provider for communications service providers posted revenue of $198.1 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $200.3 million.
Calix shares have fallen 14% since the beginning of the year. In the final minutes of trading on Monday, shares hit $37.37, a decrease of 21% in the last 12 months.
_____
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