Cambium: Q1 Earnings Snapshot
By AP News
Published - May 08, 2023, 04:24 PM ET
Last Updated - Jun 21, 2023, 09:54 PM EDT
ROLLING MEADOWS, Ill. (AP) — ROLLING MEADOWS, Ill. (AP) — Cambium Networks Corporation (CMBM) on Monday reported first-quarter net income of $4.3 million.
The Rolling Meadows, Illinois-based company said it had net income of 15 cents per share. Earnings, adjusted for one-time gains and costs, were 24 cents per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.
The company posted revenue of $77.4 million in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $76.8 million.
