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Calix Inc. fiscal Q1 loss narrows YOY

Calix Inc. said its normalized net income for the fiscal first quarter ended March 26 was a loss of 9 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 12 cents per share.

The per-share loss narrowed 37.0% year over year from 14 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $4.4 million, compared with a loss of $7.4 million in the year-earlier period.

The normalized profit margin increased to negative 4.5% from negative 8.1% in the year-earlier period.

Total revenue grew 8.1% year over year to $98.4 million from $91.0 million, and total operating expenses climbed year over year to $105.5 million from $102.9 million.

Reported net income totaled a loss of $10.7 million, or a loss of 22 cents per share, compared to a loss of $11.9 million, or a loss of 23 cents per share, in the year-earlier period.