Calix: Q4 Earnings Snapshot

Associated Press Finance
01-30

SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Calix Inc. (CALX) on Wednesday reported a loss of $17.9 million in its fourth quarter.

The San Jose, California-based company said it had a loss of 27 cents per share. Earnings, adjusted for stock option expense and pretax expenses, came to 8 cents per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 8 cents per share.

The cloud, software platforms, systems and services provider for communications service providers posted revenue of $206.1 million in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $203.8 million.

For the current quarter ending in March, Calix expects its per-share earnings to range from 10 cents to 16 cents.

The company said it expects revenue in the range of $204 million to $210 million for the fiscal first quarter.

Calix shares have increased almost 6% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $36.87, a decrease of 17% 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

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