AP NEWS

Ceragon: 3Q Earnings Snapshot

November 4, 2019 GMT

TEL AVIV, Israel (AP) _ Ceragon Networks Ltd. (CRNT) on Monday reported third-quarter profit of $186,000.

On a per-share basis, the Tel Aviv, Israel-based company said it had net income of less than 1 cent. Earnings, adjusted for one-time gains and costs, were 1 cent per share.

The provider of wireless backhaul services posted revenue of $72.2 million in the period.

The company’s shares closed at $2.96. A year ago, they were trading at $3.46.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRNT at https://www.zacks.com/ap/CRNT