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Cambium: Q4 Earnings Snapshot
By AP News - 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.
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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.
For the year, the company reported profit of $20.2 million, or 72 cents per share. Revenue was reported as $296.9 million.
For the current quarter ending in March, Cambium expects its per-share earnings to range from 14 cents to 23 cents.
The company said it expects revenue in the range of $74 million to $80 million for the fiscal first quarter.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a CMBM">Zacks stock report on CMBM at https://www.zacks.com/ap/CMBM
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