UTStarcom Holdings Q1 Loss Widens; Issues Q2 Revenue View - Quick Facts

(RTTNews) - UTStarcom Holdings Corp.(UTSI) posted first-quarter net loss attributable to the company of $5.4 million or $0.14 per basic share, wider than $3.3 million or $0.09 per basic share in the comparable quarter last year.

Non-GAAP net loss attributable to the company widened to $5.2 million or $0.14 per basic share from $2.8 million or $0.08 per basic share in the prior year period.

Total revenues for the latest first quarter were $32.96 million, up 2.2% from $32.34 million for the corresponding period in 2014.

On average, two analysts polled by Thomson Reuters expected the company to report a loss of $0.14 per share on revenue of $28.44 million. Analysts' estimates typically exclude special items.

For the second quarter, the company expects to generate revenue in the range of $15 million to $20 million. Analysts currently expect second quarter revenue of $30.20 million.