ROLLING MEADOWS, Ill. (AP) — ROLLING MEADOWS, Ill. (AP) — Cambium Networks Corporation (CMBM) on Thursday reported a loss of $26.4 million in its first quarter.
On a per-share basis, the Rolling Meadows, Illinois-based company said it had a loss of 95 cents. Losses, adjusted for one-time gains and costs, came to 46 cents per share.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 23 cents per share.
The company posted revenue of $42.3 million in the period, also missing Street forecasts. Six analysts surveyed by Zacks expected $45.6 million.
For the current quarter ending in June, Cambium expects its results to range from a loss of 24 cents per share to a loss of 19 cents per share.
The company said it expects revenue in the range of $43 million to $48 million for the fiscal second quarter.
Cambium expects full-year results to range from a loss of 64 cents per share to a loss of 41 cents per share, with revenue ranging from $205 million to $225 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMBM at https://www.zacks.com/ap/CMBM
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