UTStarcom Holdings Corp. Q1 Profit Retreats

(RTTNews) - UTStarcom Holdings Corp. (UTSI) announced earnings for first quarter that declined from the same period last year.

The company's bottom line came in at $4.03 million, or $0.11 per share. This compares with $5.89 million, or $0.17 per share, in last year's first quarter.

The company's revenue for the quarter rose 0.2% to $22.59 million from $22.54 million last year.

UTStarcom Holdings Corp. earnings at a glance:

-Earnings (Q1): $4.03 Mln. vs. $5.89 Mln. last year. -EPS (Q1): $0.11 vs. $0.17 last year. -Revenue (Q1): $22.59 Mln vs. $22.54 Mln last year.

-Guidance: Next quarter revenue guidance: $23 - $28 Mln