SAN JOSE, Calif. (AP) \u2014 SAN JOSE, Calif. (AP) \u2014 Calix Inc. (CALX) on Tuesday reported first-quarter earnings of $11.2 million.<\/p>\n
The San Jose, California-based company said it had net income of 16 cents per share. Earnings, adjusted for stock option expense, came to 40 cents per share.<\/p>\n
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.<\/p>\n
The cloud, software platforms, systems and services provider for communications service providers posted revenue of $280 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $277.2 million.<\/p>\n
For the current quarter ending in June, Calix expects its per-share earnings to range from 35 cents to 45 cents.<\/p>\n
The company said it expects revenue in the range of $287 million to $293 million for the fiscal second quarter.<\/p>\n
For copyright information, check with the distributor of this item, STATS Perform dba Automated Insights.<\/p>\n","protected":false},"excerpt":{"rendered":"SAN JOSE, Calif. (AP) \u2014 SAN JOSE, Calif. (AP) \u2014 Calix Inc. (CALX) on Tuesday reported first-quarter earnings…\n","protected":false},"author":2,"featured_media":192546,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[387,3950,120617,88,90,89],"class_list":{"0":"post-280122","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-san-jose","8":"tag-business","9":"tag-earnings","10":"tag-earns-calix","11":"tag-san-jose","12":"tag-san-jose-headlines","13":"tag-san-jose-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/280122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=280122"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/280122\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/192546"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=280122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=280122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=280122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}