Westell Tech. (WSTL) Reports Q4 Adj-Loss of $0.01; Comments on FY10 Outlook
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Westell Technologies (Nasdaq: WSTL) reports Q4 loss of $0.01, ex-items, versus the analyst estimate of ($0.04). Revenue for the quarter was $56.3 million, versus the consensus of $50 million.
"We have set aggressive but realistic plans for fiscal year 2010, with an objective for the year of break-even operating profit on a consolidated basis," said Gilbert. "Given the current economic environment, we are also focused on conserving our cash and achieving positive cash flow for the year."
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