Calix shares are trading lower after the company reported mixed Q1 financial results and issued Q2 adjusted EPS and sales guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Calix shares dropped following mixed Q1 financial results and Q2 guidance below expectations.
April 23, 2024 | 11:35 am
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Calix shares fell due to mixed Q1 results and lower than expected Q2 guidance.
The drop in Calix shares is directly tied to the company's mixed financial performance in Q1 and the issuance of Q2 guidance that fell short of market expectations. This news is likely to negatively impact investor sentiment in the short term, as guidance below estimates often leads to concerns about future profitability and growth.
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