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Airgain: 3Q Earnings Snapshot

SAN DIEGO (AP) _ Airgain Inc. (AIRG) on Thursday reported a third-quarter loss of $135,000, after reporting a profit in the same period a year earlier.

The San Diego-based company said it had a loss of 1 cent per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 5 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.

The antenna products developer posted revenue of $13.1 million in the period.

For the current quarter ending in December, Airgain expects its per-share earnings to range from 4 cents to 5 cents.

The company said it expects revenue in the range of $13 million to $13.5 million for the fiscal fourth quarter.

Airgain shares have risen 13% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $11.22, a decline of 18% 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