Extreme Networks (EXTR) Misses Q2 EPS by 1c, Misses on Revenue; Offers Weak Q3 Guidance
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/24/2026
- Wall St edges higher as investors juggle earnings, Mideast risks and tariffs
- Elon Musk’s trillion-dollar meltdown: How SpaceX and Tesla erased $700 billion
- Intel jumps 10% after AI-fueled quarter crushes estimates, upbeat outlook
- Oil down more than 4% on profit taking, report of China-backed push to end US-Iran fighting
- Why Meta, Microsoft, and Nvidia are championing open-weight AI
- Americold to wind down Ahold Delhaize facilities, take $305M charge
- AMD (AMD) PT Raised to $1,250 at Baird
- Pakistan, Iran explore path towards new talks with US in a China-initiated push, sources say
- Wall St falls as tech earnings spark AI spending worries and oil hits $100
- Did Google and Tesla just break AI trade’s bull case?
Extreme Networks (EXTR) slumps on expected 3Q loss, supply chain issues still impacting business
January 31, 2024 2:32 PM ESTExtreme Networks (NASDAQ: EXTR) shares plummeted Wednesday following its latest quarterly earnings report, in which it missed consensus estimates and posted weaker-than-expected third-quarter guidance.
The company reported Q2 EPS of $0.24, $0.01 worse than the analyst estimate of $0.25, while revenue for the quarter came in at $296.4 million, down almost 7% year-on-year and below the consensus estimate of $303.02 million.
EXTR said the networking industry, like much of IT, is exiting the final stage of the COVID-induced era of supply chain constraints, which is still... More
