Calix Q2 Sales $198.14M Miss $200.81M Estimate
Portfolio Pulse from Benzinga Newsdesk
Calix (NYSE:CALX) reported Q2 sales of $198.14 million, missing the analyst consensus estimate of $200.81 million by 1.33%. This represents a 24.09% decrease from the same period last year.
July 22, 2024 | 8:11 pm
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NEGATIVE IMPACT
Calix reported Q2 sales of $198.14 million, missing the analyst consensus estimate of $200.81 million by 1.33%. This is a 24.09% decrease from the same period last year.
The miss on sales estimates and significant year-over-year decrease in revenue are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100