Calix Third Quarter 2024 Earnings: EPS Beats Expectations

Calix (NYSE:CALX) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$200.9m (down 24% from 3Q 2023).
• Net loss: US$3.97m (down by 123% from US$17.0m profit in 3Q 2023).
• US$0.06 loss per share (down from US$0.26 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Calix EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 56%.

Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Communications industry in the US.

Performance of the American Communications industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Calix's balance sheet health.

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