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Calix: Q3 Earnings Snapshot
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SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Calix Inc. (CALX) on Monday reported third-quarter earnings of $10.2 million.

On a per-share basis, the San Jose, California-based company said it had profit of 16 cents. Earnings, adjusted for stock option expense, were 44 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.

The cloud, software platforms, systems and services provider for communications service providers posted revenue of $301.7 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $304.1 million.

For the current quarter ending in December, Calix expects its per-share earnings to range from 17 cents to 25 cents.

The company said it expects revenue in the range of $311 million to $317 million for the fiscal fourth quarter.

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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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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