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UTStarcom: 1Q Earnings Snapshot

HONG KONG (AP) _ UTStarcom Holdings Corp. (UTSI) on Friday reported first-quarter profit of $402,000.

The Hong Kong-based company said it had profit of 1 cent per share.

The telecom infrastructure provider posted revenue of $24.7 million in the period.

For the current quarter ending in July, UTStarcom said it expects revenue in the range of $13 million to $17 million.

The company's shares closed at $3.25. A year ago, they were trading at $4.82.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UTSI at https://www.zacks.com/ap/UTSI