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Calix: 2Q Earnings Snapshot

SAN JOSE, Calif. (AP) _ Calix Inc. (CALX) on Tuesday reported a loss of $5 million in its second quarter.

The San Jose, California-based company said it had a loss of 9 cents per share. Losses, adjusted for stock option expense and non-recurring costs, came to 1 cent per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.

The maker of telecommunications equipment posted revenue of $100.3 million in the period.

For the current quarter ending in October, Calix expects its per-share earnings to range from 2 cents to 6 cents.

The company said it expects revenue in the range of $110 million to $114 million for the fiscal third quarter.

Calix shares have dropped 25% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $7.31, a fall of almost 4% 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