UTStarcom: 2Q Earnings Snapshot

Associated Press |

HONG KONG (AP) _ UTStarcom Holdings Corp. (UTSI) on Tuesday reported second-quarter net income of $1.7 million, after reporting a loss in the same period a year earlier.

The Hong Kong-based company said it had net income of 5 cents per share.

The telecom infrastructure provider posted revenue of $13.9 million in the period.

For the current quarter ending in October, UTStarcom said it expects revenue in the range of $13 million to $17 million.

In the final minutes of trading on Tuesday, the company's shares hit $2.88. A year ago, they were trading at $3.68.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UTSI at https://www.zacks.com/ap/UTSI

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