Ruckus Wireless Inc. (RKUS) Monday reported a drop in first-quarter profit as higher operating costs masked a 27 percent growth in revenues.
Net income for the first quarter dropped to $0.3 million or breakeven per share from $3.7 million or $0.03 per share last year.
Adjusted net income declined to $2.9 million or $0.03 per share from $5.0 million or $0.07 per share last year.
Analysts polled by Thomson Reuters expected earnings of $0.04 per share on revenues of 63.27 million for the quarter. Analysts' estimates typically exclude special items.
Revenues for the first quarter grew 27 percent to $57.2 million from $45.0 million last year. Total operating costs increased to $38.6 million from $23.9 million last year.
Looking forward to the second quarter, the company expects adjusted income of $0.03 to $0.04 per share, and revenues of $61 million to $64 million.
Analysts currently estimate earnings of $0.04 per share on revenues of $67.10 million for the quarter.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.