UTStarcom (UTSI) Misses Q4 EPS by 25c

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Go back to UTStarcom (UTSI) Misses Q4 EPS by 25c

UTStarcom Reports Unaudited GAAP Financial Results for the Fourth Quarter and Full Year 2014

March 13, 2015 6:26 AM EDT

- Exceeded Q4 Revenue Expectations - - Expanded Higher Margin Broadband Product Offerings and Global Customer Relationships - - Further Streamlined Operations and Reduced Operating Expenses by 32.3% - - Share Repurchase Program Highlights Long-Term Confidence -

HONG KONG, March 13, 2015 (GLOBE NEWSWIRE) -- UTStarcom Holdings Corp. ("UTStarcom" or "the Company") (Nasdaq: UTSI), a global telecommunications infrastructure provider, today reported its unaudited financial results for the fourth quarter and full year 2014.

Mr. William Wong, UTStarcom's Chief Executive Officer, stated, "We are pleased that we continued to make progress in the transformation of our business... More