Ixia (XXIA: Quote) announced Monday morning that it expects its fourth-quarter revenue to be in the range of $123.5 million to $124.5 million, above its previously stated guidance range of $118 million to $122 million. Ixia said its GAAP and adjusted earnings per share for the fourth quarter are expected to be at, or slightly above, the high end of the previously given guidance.
Ixia gapped open higher Monday, but traded in a range for the majority of the session. The stock finished with a gain of 1.58 at $19.24 on above average volume. Ixia broke out of a week and a half long range and set a new high for the year.
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by RTT Staff Writer
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