Extreme Networks (NASDAQ: EXTR) reported Q3 EPS of ($0.08), $0.01 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $119.6 million versus the consensus estimate of $118.7 million.

Sees Q4 revenue of $125 million to $135 million, versus the consensus of $133.45 million and EPS of ($0.04) to $0.00, versus the consensus of ($0.02)

"Our third fiscal quarter was clearly disappointing as we saw weakness from certain higher education and venue customers as well as deferred sales in Europe due to the strong U.S. dollar," stated Ed Meyercord, president and CEO of Extreme Networks. "Although we see normal seasonality in fiscal Q4, the prevailing headwinds are hindering a quick rebound. As we look out to fiscal 2016, we are encouraged by the E-Rate filings numbers, however until the schools and districts receive final approval and schedule installation, it is difficult to quantify the timing and impact to our business," Meyercord continued. "That said, our intention is to adopt a focused strategy that builds on our strengths and competitive position in growth sectors of our industry and is closely aligned with our structure."

For earnings history and earnings-related data on Extreme Networks (EXTR) click here.