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.
_____
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: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.