UTStarcom (UTSI) Tops Q1 EPS by 13c

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Go back to UTStarcom (UTSI) Tops Q1 EPS by 13c

UTStarcom Reports Unaudited Financial Results for the First Quarter of 2016

May 13, 2016 5:00 AM EDT

HONG KONG, May 13, 2016 (GLOBE NEWSWIRE) -- UTStarcom (UTStarcom or the Company) (NASDAQ: UTSI), a global telecommunications infrastructure provider, today reported its unaudited financial results for the first quarter ended March 31, 2016.

Mr. Tim Ti, UTStarcoms Chief Executive Officer, stated, We are pleased to report a solid quarter with revenues exceeding our initial expectations, gross margin in high twenties percentage, and non-GAAP net profitability. We continue to see healthy demand of our PTN products and benefits from our streamlined business model.

In addition to disclosing financial measures prepared in accordance with U.S. Generally Accepted... More