Clearfield, inc. provides earnings guidance for the fiscal 2020

Clearfield, inc. provided earnings guidance for the fiscal 2020. for the year, the company expects revenue to be between $92 million and $95 million, representing continued growth over fiscal 2019 of 10% at the midpoint, driven by growth in the company's tier 1 market. the company expects its gross profit as a percentage of total revenue to range between 37% and 38% and net income as a percentage of revenue to be between 3% and 5% with some variability on a quarter-to-quarter basis.
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