Powerwave (PWAV) Sees Q1 Revs Below Views; Cites Weakness in Several Markets

April 13, 2012 6:52 AM EDT
Powerwave Technologies, Inc. (Nasdaq: PWAV), has provided preliminary revenue information for its fiscal first quarter ended April 1, 2012. Powerwave announced that it anticipates that revenues for its fiscal first quarter ended April 1, 2012 will be in the range of $40 million to $45 million.

The Street currently sees revs of $62.30 million.

Powerwave will release its financial results for the first quarter on May 3, 2012 after the market closes.

For the first quarter, Powerwave continued to encounter weakness in several of its markets, as network operators continued to be conservative in their spending plans and several markets continued to delay capital spending plans. Powerwave will provide additional market information when it releases its first quarter results.

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