Franklin Wireless Corp reports results for the quarter ended March 31 - Earnings Summary

• Franklin Wireless Corp reported a quarterly adjusted loss of 13 cents​​ per share for the quarter ended March 31. The lone analyst forecast for the quarter was for breakeven results per share.

• Revenue was $3.44 million​; analysts expected $10.60 million.

• Franklin Wireless Corp's reported EPS for the quarter was a loss of 10 cents​.

• The company reported a quarterly loss of $4.36 million.

• Franklin Wireless Corp shares had fallen by 4.3% this quarter and lost 44.4% so far this year.

FORECAST CHANGES

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The average consensus recommendation for the communications & networking peer group is also "buy"

• Wall Street's median 12-month price target for Franklin Wireless Corp is $6.00, about 59.5% above its last closing price of $2.43

This summary was machine generated from LSEG data September 28 at 02:24 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)