Calix Posts Preliminary Revenue of $79 Million, Below Guidance

Citing softness in demand across multiple customer markets, Calix reported preliminary Q2 revenue of approximately $79 million, flat with the first quarter of 2012, below previous guidance for the second quarter of 2012. Non-GAAP earnings per share are expected to be 4 cents per share, up from 1 cent per share in the first quarter of 2012.

On May 1, 2012, the company provided guidance for the second quarter ending June 30, 2012 for revenue to range between $93 to $97 million and non-GAAP earnings per share to be between 7 to 11 cents per share.

Calix said it believes the softness is due to a slowdown in capital expenditures by service providers increasingly concerned about macro-economic conditions and uncertainties associated with the implementation of regulatory reforms.
http://www.calix.com