SAN JOSE, Calif. (AP) _ Calix Inc. (CALX) on Wednesday reported fourth-quarter net income of $19.9 million.

On a per-share basis, the San Jose, California-based company said it had net income of 29 cents. Earnings, adjusted for one-time gains and costs, were 26 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.

The cloud, software platforms, systems and services provider for communications service providers posted revenue of $176.4 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $173.1 million.

For the year, the company reported profit of $238.4 million, or $3.51 per share. Revenue was reported as $679.4 million.

For the current quarter ending in April, Calix expects its per-share earnings to range from 16 cents to 21 cents.

The company said it expects revenue in the range of $174 million to $180 million for the fiscal first quarter.

Calix shares have dropped 49% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $41.03, a climb of 14% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CALX at https://www.zacks.com/ap/CALX

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