Cambium: Q4 Earnings Snapshot
By AP News
Published - Feb 16, 2023, 04:48 PM ET
Last Updated - Jun 22, 2023, 09:09 PM EDT
ROLLING MEADOWS, Ill. (AP) — ROLLING MEADOWS, Ill. (AP) — Cambium Networks Corporation (CMBM) on Thursday reported fourth-quarter profit of $10 million.
On a per-share basis, the Rolling Meadows, Illinois-based company said it had profit of 35 cents. Earnings, adjusted for one-time gains and costs, were 36 cents per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share.
The company posted revenue of $84.5 million in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $82.1 million.
