Extreme Networks Inc. (EXTR) reported earnings for second quarter that decreased from the same period last year and missed the Street estimates.
The company's bottom line came in at $3.988 million, or $0.03 per share. This compares with $17.931 million, or $0.13 per share, in last year's second quarter.
Excluding items, Extreme Networks Inc. reported adjusted earnings of $31.475 million or $0.24 per share for the period.
Analysts on average had expected the company to earn $0.25 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 6.9% to $296.377 million from $318.348 million last year.
Extreme Networks Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $3.988 Mln. vs. $17.931 Mln. last year.-EPS (Q2): $0.03 vs. $0.13 last year.-Analyst Estimates: $0.25-Revenue (Q2): $296.377 Mln vs. $318.348 Mln last year.
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