Brief: Casa Systems Reports Q1 Non-GAAP Loss Per Share $0.14

Casa Systems

01/05/2019 23:03

May 1 (Reuters) - Casa Systems Inc  CASA.O :
    * CASA SYSTEMS REPORTS FIRST QUARTER 2019 FINANCIAL RESULTS
    * Q1 NON-GAAP LOSS PER SHARE $0.14
    * Q1 GAAP LOSS PER SHARE $0.18
    * Q1 REVENUE $35.5 MILLION
    * Q1 REVENUE ESTIMATE $55.8 MILLION -- REFINITIV IBES DATA
    * SEES FY 2019 NON-GAAP EARNINGS PER SHARE $0.30 TO $0.40
    * SEES FY 2019 GAAP EARNINGS PER SHARE $0.20 TO $0.30
    * SEES FY 2019 REVENUE $250 MILLION TO $300 MILLION
    * Q1 EARNINGS PER SHARE ESTIMATE $0.02 -- REFINITIV IBES
DATA
    * QTRLY RESULTS WERE NEGATIVELY IMPACTED BY AN INDUSTRY-WIDE
SLOWDOWN IN MSO SPENDING ON INTEGRATED CCAP HARDWARE
    * CASA SYSTEMS QTRLY RESULTS NEGATIVELY IMPACTED BY SOME OF
LARGEST CUSTOMERS REDIRECTING CAPEX , SLOWER TRANSITION TO
WIRELESS, FIXED TELCO REVENUE
    * "REMAIN CONFIDENT THAT OUR RECENT RESULTS ARE NOT
INDICATIVE OF
COMPANY'S LARGE FUTURE OPPORTUNITY"
    * FY2019 EARNINGS PER SHARE VIEW $0.35, REVENUE VIEW $274.8
MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX7THYW4 
Further company coverage:  CASA.O 

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