Powerwave (PWAV) Cuts Q2 Sales Outlook, Comments on FY11 Guidance

July 12, 2011 2:37 PM EDT
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Price: $0.06 --0%

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Net sales: 42.13M

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Shares of Powerwave Technologies (Nasdaq: PWAV) have dipped to session lows following the release of preliminary Q2 results: sales of $168-$172 million, down from a prior outlook of $170-$180 million and compared to the current Street estimate of $166.8 million.

Powerwave said it expects to hit the bottom end of its previously-issued FY11 sales guidance of $650-$680 million.

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