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UTStarcom: 3Q Earnings Snapshot

November 8, 2019 GMT

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.


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