Extreme Networks Q2 Loss Widens - Quick Facts

(RTTNews) - Extreme Networks Inc. (EXTR) Wednesday said second-quarter loss widened to $16.0 million or $0.17 per share from $4.2 million or $0.04 per share in the same period last year.

Adjusted earnings for the quarter were $14.1 million or $0.14 per share. On average, four analysts polled by Thomson Reuters expected the company to earn $0.15 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues jumped 94 percent to $146.6 million from $75.6 million last year. Adjusted revenues were $148.3 million. Analysts expected revenues of $151.64 million.

Looking ahead to the third quarter, the company currently expects a loss in a range of $0.15 to $0.21 per share, with adjusted earnings ranging between $0.01 to $0.06 per share.

Revenues are forecast in the range of $138 million to $153 million, with adjusted revenues ranging between $140 million and $155 million. Analysts currently expect third-quarter profit of $0.08 per share on revenue of $153.88 million.