UTStarcom: 3Q Earnings Snapshot
HONG KONG (AP) _ UTStarcom Holdings Corp. (UTSI) on Friday reported a third-quarter loss of $2.1 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Hong Kong-based company said it had a loss of 6 cents.
The telecom infrastructure provider posted revenue of $13.1 million in the period.
For the current quarter ending in December, UTStarcom said it expects revenue in the range of $12 million to $15 million.
The company’s shares closed at $2.96. A year ago, they were trading at $3.70.