Calix: Fourth Quarter Earnings Report

SAN JOSE, CA (AP) _ Calix Inc. (CALX) on Wednesday reported fourth-quarter net income of $11.9 million.

The San Jose, California-based company said it posted earnings of 17 cents per share. Earnings adjusted for non-recurring income and expenses was 34 cents per share.

The results beat Wall Street’s expectations. The average estimate of four analysts polled by Zacks Investment Research was 28 cents per share.

The provider of cloud, software platforms, systems and services for telecom service providers posted $244.5 million in revenue for the reporting period, also beating Street’s guidance. Three analysts polled by Zacks expected $240.9 million.

For the year, the company reported earnings of $41 million, or 60 cents per share. Revenue was $867.8 million.

For the current quarter ending in March, Calix expects its earnings per share to be between 24 cents and 30 cents.

The company said it expects revenue in the range of $242 million to $248 million for its fiscal first quarter.

Calix shares are down 15% since the start of the year. In the closing minutes of trading on Wednesday, the stock hit $57.95, up 36% over the past 12 months.

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This story was created by Automated Insights (using data from Zacks Investment Research. Access the Zacks stock report on CALX at

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