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Airgain: 3Q Earnings Snapshot

SAN DIEGO (AP) _ Airgain Inc. (AIRG) on Thursday reported third-quarter net income of $437,000.

The San Diego-based company said it had profit of 4 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were 9 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.

The antenna products developer posted revenue of $15.8 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $15.7 million.

For the current quarter ending in December, Airgain expects its per-share earnings to range from 7 cents to 8 cents.

The company said it expects revenue in the range of $16.4 million to $16.5 million for the fiscal fourth quarter.

Airgain shares have increased 56 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $13.99, a rise of 65 percent 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 AIRG at https://www.zacks.com/ap/AIRG