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Calix Announces Glum Q4 Prelims

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PETALUMA, Calif. -- Calix, Inc. (NYSE: CALX) today announced that the company will report fourth quarter and 2013 fiscal year results on February 11 after the market closes. The company also announced that preliminary estimates for revenue and non-GAAP earnings per share would be below previous guidance for the fourth quarter of 2013.

Preliminary estimates for the fourth quarter are for revenue to be in the range of $93.5 to $94.5 million and non-GAAP earnings per share of 2 to 4 cents per share. On October 29, 2013, the company provided guidance for the fourth quarter ending December 31, 2013 for revenue between $97 and $103 million and non-GAAP earnings to range between per share of 3 to 8 cents per share. The revised estimates for the fourth quarter reflect a greater than anticipated decline in traditional year-end "budget flush" customer spending patterns than the company historically has experienced. The company reported $91.4 million and non-GAAP earnings $0.06 in the fourth quarter of 2012.

Calix Inc. (NYSE: CALX)

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DOShea
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DOShea,
User Rank: Blogger
1/12/2014 | 8:15:09 PM
Spending decline
If we were looking for glimpses of hope in early Q4 earnings news, we are not getting off to a good start.
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