Calix Updates Q4 Per Share Loss To $0.10 From $0.06 Reported On Jan 29 To Reflect An Agreement To Settle Litigation
Portfolio Pulse from Benzinga Newsdesk
Calix has revised its Q4 per share loss to $0.10 from the previously reported $0.06 on January 29, due to an agreement to settle litigation.
February 23, 2024 | 11:41 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Calix has adjusted its Q4 earnings, reporting a higher per share loss of $0.10, revised from $0.06, following a litigation settlement.
The revision of Calix's Q4 earnings to reflect a higher loss per share due to a litigation settlement is likely to negatively impact investor sentiment in the short term. This adjustment indicates unexpected expenses and could lead to concerns about the company's legal risks and financial health.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100