UTStarcom (UTSI) Tops Q2 EPS by 23c

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Go back to UTStarcom (UTSI) Tops Q2 EPS by 23c

UTStarcom Reports Unaudited Financial Results for the Second Quarter of 2016

August 12, 2016 4:12 AM EDT

HONG KONG, Aug. 12, 2016 (GLOBE NEWSWIRE) -- UTStarcom (UTStarcom or the Company) (NASDAQ: UTSI), a global telecommunications infrastructure provider, today reported its unaudited financial results for the second quarter ended June 30, 2016.

Mr. Tim Ti, UTStarcoms Chief Executive Officer, stated, We are glad to report a solid quarter with revenues at the high end of our expectations, gross margin above forty percent, and non-GAAP net profitability. We expect relatively soft demand in second half of 2016 due to seasonality but continue to see healthy deal pipelines for our PTN products.

In addition to disclosing financial measures... More