Calix: 2Q Earnings Snapshot
PETALUMA, Calif. (AP) _ Calix Inc. (CALX) on Tuesday reported a loss of $2.8 million in its second quarter.
The Petaluma, California-based company said it had a loss of 5 cents per share. Earnings, adjusted for stock option expense and restructuring costs, were 1 cent per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The maker of telecommunications equipment posted revenue of $111.7 million in the period.
Calix shares have increased 16 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $6.90, a rise of 2 percent in the last 12 months.