Ixia Slips To Loss - Quick Facts

(RTTNews) - Ixia (XXIA) Monday reported second-quarter net loss of $15 million or $0.19 per share compared with a profit of $3 million or $0.04 per share last year.

Excluding items, adjusted earnings for the quarter were $0.01 per share.

Revenues for the quarter were lower at $109.5 million compared with $112 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.04 per share on revenues of $111.3 million for the quarter. Analysts' estimates typically exclude special items.

Expenses for the quarter climbed to $128.1 million from $109 million last year.

Ixia, based in Calabasas, California, provides converged Internet protocol network validation and network visibility solutions.