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UTStarcom Holdings Corp. Profit Drops In Q1

UTStarcom Holdings Corp. (UTSI) revealed earnings for first quarter that dropped from the same period last year.

The company's earnings totaled $0.40 million, or $0.01 per share. This compares with $4.03 million, or $0.11 per share, in last year's first quarter.

The company's revenue for the quarter rose 9.1% to $24.65 million from $22.59 million last year.

UTStarcom Holdings Corp. earnings at a glance:

-Earnings (Q1): $0.40 Mln. vs. $4.03 Mln. last year.
-EPS (Q1): $0.01 vs. $0.11 last year.
-Revenue (Q1): $24.65 Mln vs. $22.59 Mln last year.

-Guidance:
Next quarter revenue guidance: 13 to $17 Mln

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