SSL - Calix Reports Mixed Results Joins Cadence Design Systems And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session | Benzinga
U.S. stock futures were slightly higher this morning, with the Dow futures gaining over 20 points on Tuesday.
Shares of Calix, Inc. (NYSE:CALX) fell sharply in today's pre-market trading after the company reported mixed first-quarter financial results and issued second-quarter guidance below estimates.
Calix posted adjusted earnings of 21 cents per share, beating market estimates of 20 cents per share. The company's quarterly sales came in at $226.310 million, missing expectations of $228.139 million, according to data from Benzinga Pro.
Calix shares dipped 16.8% to $24.60 in pre-market trading.
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