AP NEWS

Extreme Networks: Fiscal 4Q Earnings Snapshot

August 8, 2018

SAN JOSE, Calif. (AP) _ Extreme Networks Inc. (EXTR) on Wednesday reported a fiscal fourth-quarter loss of $5.6 million, after reporting a profit in the same period a year earlier.

The San Jose, California-based company said it had a loss of 5 cents per share. Earnings, adjusted for one-time gains and costs, came to 20 cents per share.

The maker of network infrastructure equipment posted revenue of $278.3 million in the period.

For the year, the company reported that its loss widened to $46.8 million, or 41 cents per share. Revenue was reported as $983.1 million.

For the current quarter ending in October, Extreme Networks said it expects revenue in the range of $230 million to $240 million.

Extreme Networks shares have decreased 28 percent since the beginning of the year. The stock has declined slightly 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 EXTR at https://www.zacks.com/ap/EXTR

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