VAL - Calix Issues Weak Q1 Forecast Joins Diageo And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session | Benzinga
U.S. stock futures were lower this morning, with the Dow futures falling around 50 points on Tuesday.
Shares of Calix, Inc. (NYSE: CALX) fell sharply in pre-market trading after the company issued first-quarter adjusted EPS and revenue guidance below estimates.
Calix said it sees first-quarter adjusted earnings of 17 cents to 23 cents per share, versus analysts’ estimates of 38 cents per share. It expects revenue of $225 million to $231 million, versus expectations of $267.57 million, according to data from Benzinga Pro.
Calix shares dipped 25.4% to $33.03 in pre-market trading.
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