04:31 PM EDT, 04/22/2024 (MT Newswires) -- Calix (CALX) reported Q1 non-GAAP net income Monday of $0.21 per diluted share, down from $0.31 a year earlier.

Analysts polled by Capital IQ expected $0.20.

Revenue for the quarter that ended March 30 was $226.3 million, down from $250 million a year earlier.

Analysts surveyed by Capital IQ expected $228.4 million.

The company said it expects Q2 non-GAAP net income of $0.03 to $0.09 with revenue between $197 million to $203 million. Analysts polled by Capital IQ expect $0.24 and $232.8 million.

Shares of the company fell more than 17% in after-hours activity.