SAN JOSE, Calif. (AP) _ Calix Inc. (CALX) on Tuesday reported fourth-quarter earnings of $497,000.
On a per-share basis, the San Jose, California-based company said it had net income of 1 cent. 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 three analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The maker of telecommunications equipment posted revenue of $120.2 million in the period.
For the year, the company reported that its loss narrowed to $17.7 million, or 32 cents per share. Revenue was reported as $424.3 million.
For the current quarter ending in April, Calix expects its results to range from a loss of 8 cents per share to a loss of 4 cents per share.
The company said it expects revenue in the range of $99 million to $103 million for the fiscal first quarter.
Calix shares have climbed 9% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $8.73, a decrease of 20% in the last 12 months.