UTStarcom (UTSI) Misses Q4 EPS by 1c, Revenues Beat; Offers Q1 Revenue Giodance
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UTStarcom Reports Unaudited Financial Results for Fourth Quarter and Full Year 2018
March 15, 2019 6:00 AM EDTHONG KONG, March 15, 2019 (GLOBE NEWSWIRE) -- UTStarcom (UT or the Company) (NASDAQ: UTSI), a global telecommunications infrastructure provider, today reported its unaudited financial results for the fourth quarter and full year ended December 31, 2018.
UTStarcoms Chief Executive Officer Mr. Tim Ti commented, We are pleased with our strong execution in 2018. We achieved year-over-year revenue growth of 18%, maintained profitability in a competitive environment, secured key project wins in India and introduced advanced products that have strengthened our competitive position. Fourth quarter revenue was within our guidance, and gross margin increased more than 20 percentage points, driven by favorable... More
