www.marketscreener.com/quote/stock/...ings-Snapshot-32400716/Extreme Networks: Fiscal 2Q Earnings Snapshot
02/09/2021 | 09:58pm GMT
SAN JOSE, Calif. (AP) _ Extreme Networks Inc. (EXTR) on Tuesday reported a loss of $3.1 million in its fiscal second quarter.
On a per-share basis, the San Jose, California-based company said it had a loss of 2 cents. Earnings, adjusted for stock option expense and amortization costs, were 13 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.
The maker of network infrastructure equipment posted revenue of $242.1 million in the period.
For the current quarter ending in April, Extreme Networks expects its per-share earnings to range from 11 cents to 16 cents.
The company said it expects revenue in the range of $240 million to $250 million for the fiscal third quarter.
Extreme Networks shares have increased 51% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $10.40, a rise of 70% in the last 12 months.
This story was generated by Automated Insights (
automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EXTR at
www.zacks.com/ap/EXTRCopyright by Automated Insights, Inc. All rights reserved., source Associated Press News
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