Aviat Networks (AVNW) Reports Q1 Loss of $0.12 on Revenues of $60.5M; Offers FY19 Revenue Outlook

November 12, 2018 4:12 PM

Aviat Networks (NASDAQ: AVNW) reported Q1 EPS of ($0.12). Revenue for the quarter came in at $60.5 million.

Commenting on the Company's fiscal 2019 first quarter results and business activity, Michael Pangia, President and Chief Executive Officer of Aviat Networks stated, "While our first quarter results came in below our expectations, our business grew and remained profitable on an Adjusted EBITDA basis. We expect a strong second quarter and remain on track for growth and improved profitability. Our competitive position continues to strengthen globally and we see new opportunities for growth in all of our key verticals and geographies."

GUIDANCE:

Aviat Networks sees FY2019 revenue of $250-260 million, versus the consensus of $0 million.

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

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