Aviat Networks (AVNW) Misses Q3 EPS by 2c
Aviat Networks (NASDAQ: AVNW) reported Q3 EPS of ($0.10), $0.02 worse than the analyst estimate of ($0.08). Revenue for the quarter came in at $74.8 million versus the consensus estimate of $84.07 million.
Aviat Networks sees Q4 2015 revenue of $80-85 million, versus the consensus of $92.82 million.
"Our fiscal third quarter results reflect positive trends in the business. Key customer wins in North America and Africa have further diversified our customer base and we made substantial progress lowering expenses," said Michael Pangia, president and CEO, Aviat Networks. "Recent bookings momentum will lead to higher fourth quarter revenue. Leveraging our new product portfolio and operational efficiencies, we are increasingly confident in our ability to generate cash and profit."
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