UTStarcom Expects Third Quarter 2015 Revenue to Exceed Original Expectations and Schedules Conference Call to Discuss Third Quarter Earnings on November 9, 2015
HONG KONG, Oct. 30, 2015 (GLOBE NEWSWIRE) -- UTStarcom (NASDAQ:UTSI), a global telecommunications infrastructure provider, announced today that revenue for the third quarter ended September 30, 2015 is expected to exceed original expectations.
The Company currently expects third quarter 2015 revenues to be between $25 million and $27 million, compared with previous guidance of $18 million to $22 million.
The company will host a conference call to discuss the Company’s financial results for the third quarter 2015 before U.S. markets open on Monday, November 9, 2015.
The call will take place at 8:00 a.m. U.S. Eastern Time on Monday, November 9, 2015 (9:00 p.m. Hong Kong/Beijing Time). The conference call dial-in numbers are as follows:
United States: +1-855-298-3404
New York: +1-631-514-2526
Hong Kong: +852-5808-3202
International: + 61-2-8524-5042
The attendee passcode is: 1123171
A replay of the call will be available two hours after the end of the conference call until 11:59 p.m. U.S. Eastern Time on November 16, 2015.
The conference call replay numbers are as follows:
United States: +1-866-846-0868
Hong Kong: 800-966-697
The replay passcode for accessing the recording is 1123171.
Investors will also have the opportunity to listen to the live conference call and the replay over the Internet through the investor relations section of UTStarcom’s web site at: http://www.utstar.com.
About UTStarcom Holdings Corp.
UTStarcom (NASDAQ:UTSI) is a global telecom infrastructure provider dedicated to developing technology that will serve the rapidly growing demand for bandwidth from cloud-based services, mobile, streaming and other applications. We work with carriers globally, from Asia to the Americas, to meet this demand through a range of innovative broadband packet optical transport and wireless/fixed-line access products and solutions. The Company’s end-to-end broadband product portfolio, enhanced through in-house Software Defined Networking (SDN)-based orchestration, enables mobile and fixed-line network operators and enterprises worldwide to build highly efficient and resilient future-proof networks for a range of applications, including mobile backhaul, metro aggregation, broadband access and Wi-Fi data offload. Our strategic investments in media operational support service providers expand UTStarcom’s capabilities in the field of next generation video platforms. UTStarcom was founded in 1991, started trading on NASDAQ in 2000, and has operating entities in Tokyo, Japan; San Jose, USA; Hangzhou, China; Delhi and Bangalore, India. For more information about UTStarcom, please visit http://www.utstar.com.
For investor and media inquiries, please contact: UTStarcom Holdings Corp. Tel: +852-3951-9757 Fei Wang, Deputy Director, FP&A and IR Email: email@example.com Ning Jiang, Investor Relation Email: firstname.lastname@example.org Joanna Jiang (Beijing) Tel: +86-10-8591-1958 Email: Joanna.Jiang@fticonsulting.com Sean Pattwell (Hong Kong) Tel: +852-3768-4543 Email: Sean.Pattwell@fticonsulting.com