AP NEWS

Ceragon: 4Q Earnings Snapshot

February 10, 2020 GMT

TEL AVIV, Israel (AP) _ Ceragon Networks Ltd. (CRNT) on Monday reported a fourth-quarter loss of $4.1 million, after reporting a profit in the same period a year earlier.

The Tel Aviv, Israel-based company said it had a loss of 5 cents per share. Losses, adjusted for non-recurring gains, came to 6 cents per share.

The provider of wireless backhaul services posted revenue of $71.3 million in the period.

For the year, the company reported a loss of $2.3 million, or 3 cents per share, swinging to a loss in the period. Revenue was reported as $285.6 million.

The company’s shares closed at $2.08. A year ago, they were trading at $4.40.

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