Westell Technologies, Inc. (WSTL) Tops Q2 EPS by 1c

Westell Technologies, Inc. (NASDAQ: WSTL) reported Q2 EPS of ($0.03), $0.01 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $23.6 million versus the consensus estimate of $27.55 million.

“Our relationships with the major North American wireless service providers remain strong; however, we experienced significant reductions in their capital spending in our second quarter, as similarly noted by others in our sector,” said Rick Gilbert, Chairman and CEO of Westell Technologies. “While we expect continued carrier spending delays to have a greater effect on our third quarter revenues, we are seeing some indications that carrier spending will resume to more normal levels in early 2015. We continue to establish Westell as a leader in the growing in-building wireless market, and we showed some improvement in the September quarter with our intelligent site management business within the CSG segment.We believe we are well positioned to take advantage of an anticipated normalization in wireless service provider spending in our fourth quarter.”

For earnings history and earnings-related data on Westell Technologies, Inc. (WSTL) click here.

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