trending Market Intelligence /marketintelligence/en/news-insights/trending/tK1SJYFFxcFVgynY-UNbFg2 content esgSubNav
In This List

Extreme Networks fiscal Q3 loss narrows YOY

Podcast

Next in Tech | Episode 84: The bear bites M&A

Podcast

MediaTalk Episode 27

Blog

Tudor, Pickering, Holt & Co. Research Now Available

Case Study

A University Adds Aftermarket Research to Its Student Toolkit


Extreme Networks fiscal Q3 loss narrows YOY

Extreme Networks Inc. said its normalized net income for the fiscal third quarter ended March 31 came to a loss of 5 cents per share, compared with the S&P Capital IQ consensus estimate of 2 cents per share.

The per-share loss decreased 60.4% year over year from 13 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $5.3 million, compared with a loss of $12.9 million in the year-earlier period.

The normalized profit margin climbed to negative 4.3% from negative 10.8% in the year-earlier period.

Total revenue grew on an annual basis to $124.9 million from $119.6 million, and total operating expenses declined from the prior-year period to $132.4 million from $139.1 million.

Reported net income totaled a loss of $10.4 million, or a loss of 10 cents per share, compared to a loss of $23.9 million, or a loss of 24 cents per share, in the year-earlier period.