Ixia (XXIA) Cuts Q1 Outlook
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Ixia Announces Preliminary Financial Results for First Quarter 2016
April 14, 2016 4:03 PM EDTCALABASAS, Calif.--(BUSINESS WIRE)-- Ixia (Nasdaq: XXIA) today reported certain preliminary financial results for the first quarter ended March 31, 2016.
Ixia currently expects revenue for the 2016 first quarter to be between $108 million and $111 million, below the companys previous guidance of $121 million to $126 million. The company currently expects a GAAP loss for the quarter of between $0.03 and $0.05 per diluted share, compared with previous guidance of breakeven to a loss of $0.04 per diluted share. The company currently expects non-GAAP earnings for the quarter to be between $0.05 and $0.08 per diluted share, compared with previous guidance of between... More
