Calix Stock Sinks Following Q3 Earnings, Q4 Guidance
Portfolio Pulse from Ryan Gustafson
Calix Inc (NYSE:CALX) reported Q3 earnings of 45 cents per share, beating the analyst consensus estimate of 36 cents. The company also reported quarterly sales of $263.83 million, surpassing the analyst consensus estimate of $263.23 million. Despite these positive results, the company's shares traded lower in the after-hours session. The company also issued Q4 guidance, expecting earnings per share between 33 cents and 39 cents, and revenue between $261 million and $267 million.
October 23, 2023 | 9:11 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Despite beating Q3 earnings and sales estimates, Calix's shares traded lower. The company's Q4 guidance is also within the estimated range.
Calix's Q3 results were better than expected, which would typically lead to a positive reaction in the stock market. However, the company's shares traded lower, possibly due to other factors not mentioned in the article. The Q4 guidance is also within the estimated range, which might not be enough to drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100