UTStarcom Sees Q3 Revenue To Exceed Original Expectations - Quick Facts

(RTTNews) - UTStarcom (UTSI), a global telecommunications infrastructure provider, said Monday that it expects revenue for the third quarter ended September 30, 2014 to exceed original expectations.

The company currently expects third quarter 2014 revenues to slightly exceed the top end of the previously provided range of $25 million - $30 million. In addition, the Company expects to report a sequential improvement in its gross margin versus the second quarter of 2014.

William Wong, UTStarcom's Chief Executive Officer, said, "We are very pleased to announce that we expect to exceed our previously provided revenue expectations and believe this, along with an anticipated sequential increase in gross margin, highlights the positive progress we are making in driving our business forward."

The company plans to release its full third quarter 2014 financial results on Friday, November 14, 2014.