Why Calix Stock Was Rising Sharply Today
(NYSE: CALX) published its latest quarterly earnings report after market close on Wednesday, and investors reacted positively to this the following day. The specialty tech company's shares finished Thursday 20% higher in price, contrasting very well with the 0.9% slide of the S 500 index.
In its third quarter, Calix's revenue leaped 32% higher year over year to a new company record of over $265 million. On the bottom line, according to generally accepted accounting principles (GAAP), the company flipped dramatically to a profit of $15.7 million against a nearly $4 million loss in the year-ago quarter. On a non-GAAP (adjusted) and per-share basis, Calix's net profit was $0.44.
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Source Fool.com
