Calix Earnings: Here’s Why Investors are Ambivalent Now
Calix Inc. (NYSE:CALX) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Calix Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 500% to $0.06 in the quarter versus EPS of $0.01 in the year-earlier quarter.
Revenue: Rose 15.18% to $90.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Calix Inc. reported adjusted EPS income of $0.06 per share. By that measure, the company beat the mean analyst estimate of $0. It beat the average revenue estimate of $90.05 million.
Quoting Management: “Our strong year-over-year first quarter revenue growth resulted in record revenue for a first quarter and improved gross margin,” said Carl Russo, president and CEO of Calix. “These results reflect our success in penetrating new customer accounts and expanding our addressable market.”
Key Stats (on next page)…