AP NEWS

Calix: 4Q Earnings Snapshot

February 6, 2019

SAN JOSE, Calif. (AP) _ Calix Inc. (CALX) on Tuesday reported a loss of $5.6 million in its fourth quarter.

The San Jose, California-based company said it had a loss of 10 cents per share. Earnings, adjusted for one-time gains and costs, came to 13 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.

The maker of telecommunications equipment posted revenue of $115.5 million in the period.

For the year, the company reported that its loss narrowed to $19.3 million, or 37 cents per share. Revenue was reported as $441.3 million.

For the current quarter ending in April, Calix expects its results to range from a loss of 7 cents per share to a loss of 2 cents per share.

The company said it expects revenue in the range of $100 million to $106 million for the fiscal first quarter.

Calix shares have climbed 12 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $10.88, an increase of 78 percent 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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