Calix: 4Q Earnings Snapshot

Associated Press
Updated ·1 min read

SAN JOSE, Calif. (AP) _ Calix Inc. (CALX) on Wednesday reported fourth-quarter net income of $24.1 million.

On a per-share basis, the San Jose, California-based company said it had net income of 37 cents. Earnings, adjusted for stock option expense and amortization costs, were 45 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.

The maker of telecommunications equipment posted revenue of $170 million in the period.

For the year, the company reported net income of $33.5 million, or 54 cents per share, swinging to a profit in the period. Revenue was reported as $541.2 million.

For the current quarter ending in April, Calix expects its per-share earnings to range from 16 cents to 20 cents.

The company said it expects revenue in the range of $146 million to $152 million for the fiscal first quarter.

Calix shares have risen 16% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $34.40, nearly quadrupling in the last 12 months.

_____

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