Brief: Casa Systems Reports Q3 Revenue Of $81.8 Million

Casa Systems

31/10/2019 20:20

Oct 31 (Reuters) - Casa Systems Inc  CASA.O :
    * CASA SYSTEMS REPORTS THIRD QUARTER 2019 FINANCIAL RESULTS
    * Q3 NON-GAAP LOSS PER SHARE $0.03
    * Q3 GAAP LOSS PER SHARE $0.10
    * Q3 REVENUE $81.8 MILLION
    * Q3 REVENUE ESTIMATE $108 MILLION -- REFINITIV IBES DATA
    * Q3 EARNINGS PER SHARE ESTIMATE $0.10 -- REFINITIV IBES
DATA
    * SEES FY 2019 NON-GAAP LOSS PER SHARE $0.15 TO $0.25
    * SEES FY 2019 GAAP LOSS PER SHARE $0.35 TO $0.45
    * SEES FY 2019 REVENUE $255 MILLION TO $270 MILLION
    * FY2019 EARNINGS PER SHARE VIEW $0.24, REVENUE VIEW $325.3
MILLION -- REFINITIV IBES DATA
    * CASA SYSTEMS - SAW MORE SPENDING APPETITE FROM CABLE
CUSTOMERS
IN QUARTER, BUT TIMING FOR CLOSING CERTAIN LARGER ORDERS WAS
MORE PROTRACTED THAN BEFORE
    * SAW A DELAY IN REVENUE RECOGNITION IN Q3 IN WIRELESS
BUSINESS
DUE TO NEW FEATURES THAT WERE REQUESTED TO BE ADDED TO A PRODUCT

Source text for Eikon:  ID:nGNX3F8YsH 
Further company coverage:  CASA.O 

 ((Reuters.Briefs@thomsonreuters.com;))