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UTStarcom Records Income Of $25.4M
UTSI, UTStarcom, hardware, telecom
Posted by: Megan Ko on May 16, 2008 | 09:05
Editorial Summary
UTStarcom, Inc. (Nasdaq: UTSI) released first quarter financials after market close on Thursday. Net sales were $586 million, compared to $475.9 million in the year-ago period. Net income was $25.4 million, compared to a net loss of $54 million in the first quarter of 2007. UTStarcom expects revenue between $580 million and $610 million for the second quarter of 2008.
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