Aviat Networks (AVNW) Tops Q2 EPS by 2c
Aviat Networks (NASDAQ: AVNW) reported Q2 EPS of ($0.04), $0.02 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $92.5 million versus the consensus estimate of $88.08 million.
"In the fiscal second quarter our mobile and non-mobile verticals both contributed to strong revenue and a favorable product mix, while we made significant progress operating the business more efficiently," said Michael Pangia, president and CEO, Aviat Networks. "Moving forward, we are focused on aligning our product roadmap with key accounts in the geographic regions where we see the highest potential for profitable growth. We continue to be dedicated to maximizing improvements in our business model to drive profitability and cash generation on a more consistent basis."
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