UTStarcom Reports Unaudited Financial Results for Second Quarter 2019
UTStarcom Holdings Corp - Ordinary Shares (UTSI)
Last utstarcom holdings corp - ordinary shares earnings: 11/8 06:00 am
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Source: GlobeNewswire
HONG KONG, Aug. 13, 2019 (GLOBE NEWSWIRE) -- UTStarcom (“UT” or “the Company”) (NASDAQ: UTSI), a global telecommunications infrastructure provider, today reported its unaudited financial results for the second quarter ended June 30, 2019. UTStarcom’s Chief Executive Officer Mr. Tim Ti commented," Second quarter played out largely as expected. Revenue met our expectations, and gross margin improved by 10 percentage points from a year ago, attributable to product and geographic mix. We continued to make solid operating progress in the last several months. Laboratory evaluations of our latest 5G optical backhaul solution by a major China carrier are progressing well. Test results are exceeding the benchmark, which is encouraging. Our goBox smart vending machines and modules are gaining traction, as we continue to see strong interest from China and multiple international markets. Furthermore, we introduced a couple of advanced SyncRing products to support the high end-to-end ne
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- UTStarcom Holdings Corp. (NASDAQ: UTSI) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- UTStarcom Holdings Corp. (NASDAQ: UTSI) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- UTStarcom Holdings Corp. (NASDAQ: UTSI) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- UTStarcom Holdings Corp. (NASDAQ: UTSI) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- UTStarcom Holdings Corp. (NASDAQ: UTSI) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat