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HOFFMAN ESTATES, Ill. (AP) — HOFFMAN ESTATES, Ill. (AP) — Cambium Networks Corporation (CMBM) on Thursday reported a loss of $9.7 million in its third quarter.
On a per-share basis, the Hoffman Estates, Illinois-based company said it had a loss of 34 cents. Losses, adjusted for one-time gains and costs, were 14 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 17 cents per share.
The company posted revenue of $43.7 million in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $45.3 million.
Cambium expects full-year revenue in the range of $40 million to $45 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMBM at https://www.zacks.com/ap/CMBM