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UTStarcom: 1Q Earnings Snapshot

HONG KONG (AP) _ UTStarcom Holdings Corp. (UTSI) on Friday reported earnings of $4 million in its first quarter.

On a per-share basis, the Hong Kong-based company said it had net income of 11 cents.

The telecom infrastructure provider posted revenue of $22.6 million in the period.

For the current quarter ending in July, UTStarcom said it expects revenue in the range of $23 million to $28 million.

The company's shares closed at $4.92. A year ago, they were trading at $2.12.

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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