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Friday, Mar 29, 2024

Ixia Profit Falls Sharply

Ixia Inc posted first-quarter earning of $500,000, or $0.01 per share on revenues of $38.9 million compared with $9.3 million, or $0.14 per share, on revenues of $38.4 million a year ago. The company said the drop was a result of expensing stock-based compensation and other items. Without including one-time items and stock options, adjusted earnings were $5 million, or $0,07, which barely missed analyst’s expectations, causing only about a 6 percent drop in its share price.

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