Casa Systems: Q3 Earnings Snapshot
Casa Systems: Q3 Earnings Snapshot
By AP News
Published - Nov 03, 2022, 06:12 PM ET
Last Updated - Jun 23, 2023, 07:58 PM EDT
ANDOVER, Mass. (AP) _ Casa Systems Inc. (CASA) on Thursday reported a loss of $31.2 million in its third quarter.
On a per-share basis, the Andover, Massachusetts-based company said it had a loss of 33 cents. Losses, adjusted for one-time gains and costs, were 29 cents per share.
The provider of digital cable video and broadband services posted revenue of $66.9 million in the period.
In the final minutes of trading on Thursday, the company's shares hit $2.84. A year ago, they were trading at $6.08.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a CASA">Zacks stock report on CASA at https://www.zacks.com/ap/CASA
