Calix Q3 2024 Adj. EPS $0.13 Beats $0.09 Estimate, Sales $200.945M Miss $201.063M Estimate
Portfolio Pulse from Benzinga Newsdesk
Calix reported Q3 2024 earnings per share of $0.13, surpassing the expected $0.09, but sales of $200.945 million slightly missed the $201.063 million estimate. Sales decreased by 23.84% compared to the same period last year.
October 28, 2024 | 8:16 pm
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Calix's Q3 2024 earnings per share exceeded expectations, but sales slightly missed estimates and were down significantly year-over-year.
Calix's earnings per share beat expectations, which is positive, but the slight miss in sales and significant year-over-year decline could offset the positive EPS impact. This mixed result may lead to neutral short-term stock movement.
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RELEVANCE 100