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.