Aviat Networks (AVNW) Reports Q4 EPS of $0.51

August 28, 2018 4:12 PM

Aviat Networks (NASDAQ: AVNW) reported Q4 EPS of $0.51, versus $0.00 reported last year. Revenue for the quarter came in at $62.5 million.

Commenting on the Company's fiscal 2018 fourth quarter results and business activity, Michael Pangia, President and Chief Executive Officer of Aviat Networks stated, "We had a strong fiscal fourth quarter as we delivered non-GAAP operating income of $3.0 million and Adjusted EBITDA of $4.4 million, significant increases over fiscal 2017, marking one of our stronger quarters over the past several years. What drove bottom-line performance was exceptionally strong gross margins both year-over-year and sequentially. We enter fiscal 2019 expecting growth and improved profitability. Further, our solution set and competitive position is among the best in our Company's history."

GUIDANCE:

Aviat Networks sees FY2019 revenue of $255-265 million, versus the consensus of $0 million.

For earnings history and earnings-related data on Aviat Networks (AVNW) click here.

Categories

Earnings Guidance Management Comments

Next Articles