(Reuters) - Ruckus Wireless Inc
Shares of the company, which counts AT&T Inc
Revenue rose 31 percent to $63.9 million.
Net income fell to $702,000, or 1 cent per share, in the second quarter, from $20.6 million, or 17 cents per share, a year earlier.
Excluding items, the company earned 5 cents per share.
Analysts had expected earnings of 3 cents per share on revenue of $62.2 million, according to Thomson Reuters I/B/E/S.
The company's products help mobile and broadband service providers increase the range of their Wi-Fi networks.
Ruckus said it added 15 service provider customers during the second quarter.
"Carriers have only started deploying Wi-Fi recently, and are likely to employ the technology significantly going forward," Craig Hallum analyst Rajesh Ghai said.
The company forecast third-quarter adjusted earnings of about 4 cents per share on revenue of $66 million to $69 million.
Analysts on average were expecting earnings of 4 cents per share on revenue of $67.5 million, according to Thomson Reuters I/B/E/S.
(Reporting by Neha Alawadhi in Bangalore; Editing by Robin Paxton)
(c) Copyright Thomson Reuters 2013. Check for restrictions at: http://about.reuters.com/fulllegal.asp