SAN JOSE, Calif. (AP) _ Calix Inc. (CALX) on Wednesday reported a loss of $9.8 million in its first quarter.
The San Jose, California-based company said it had a loss of 18 cents per share. Losses, adjusted for stock option expense and non-recurring costs, were 8 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The maker of telecommunications equipment posted revenue of $89.4 million in the period.
Calix shares have decreased 30% since the beginning of the year. The stock has risen 3% 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