UPDATE: pdvWireless, Inc. (PDVW) Tops Q3 EPS by 2c, Revenues Miss

pdvWireless, Inc. (NASDAQ: PDVW) reported Q3 EPS of ($0.57), $0.02 better than the analyst estimate of ($0.59). Revenue for the quarter came in at $1.5 million versus the consensus estimate of $1.59 million.

"Based on the industry's growing demand for private broadband networks to solve grid modernization challenges, we developed and launched the Utilities Broadband Alliance, or UBBA," said Rob Schwartz, President and COO of pdvWireless. "This industry led alliance represents the collaboration of utilities and ecosystem partners to define a roadmap for the adoption of private broadband networks focused on the critical communications needs of the industry."

Morgan E. O'Brien, CEO of pdvWireless, also commented, "Our first priority is our regulatory proceeding, where in conversations with FCC staff, we continue to anticipate FCC action on our rulemaking petition soon. However, the recent month-long closing of the Federal Government, including virtually all of the FCC, has no doubt caused a substantial backlog of items requiring FCC attention, including our own."

For earnings history and earnings-related data on pdvWireless, Inc. (PDVW) click here.

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