Calix (CALX) reported Q1 non-GAAP earnings late Monday of $0.19 per diluted share, down from $0.21 a year earlier.
Analysts polled by FactSet expected $0.13.
Revenue for the quarter ended March 29 was $220.2 million, down from $226.3 million a year earlier.
Analysts surveyed by FactSet expected $207.1 million.
The company set Q2 revenue guidance of $221 million to $227 million. Analysts surveyed by FactSet expect $211.2 million. It also expects non-GAAP earnings for the quarter of $0.18 to $0.24 per diluted share. Analysts surveyed by FactSet expect $0.16.
Calix's board also authorized the repurchase of an additional $100 million of the company's common stock under the existing stock repurchase program.
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