EXFO Inc. (NASDAQ:EXFO), a monitoring and analytics company, said it swung to a loss in the fiscal second quarter, hampered by costs related to the U.S. tax reform and acquisition expenses.
The net loss was US$4.7mln, or US$0.08 a share, from net profit of US$1.0mln, or US$0.02 a share, a year earlier, the company said in a statement. Revenue gained 7.8% to US$64.7mln.
The stock fell 6% to US$3.95 at 12:24 p.m
EXFO said in February that it acquired France’s Astellia to help scale the company’s offerings to mobile network operators.