UPDATE: Aviat Networks (AVNW) Reports Q2 EPS of $0.54 on Revenues of $65.1M; Offers FY19 Revenue Guidance & Provides Fiscal Second Half Outlook

February 11, 2019 4:04 PM
(Updated - February 11, 2019 4:05 PM EST)

Aviat Networks (NASDAQ: AVNW) reported Q2 EPS of $0.54, versus $0.53 reported last year. Revenue for the quarter came in at $65.1 million, versus $61.7 million reported last year.

"We had a very strong second quarter, with revenue and Adjusted EBITDA coming in at the high-end of our most recent guidance. Bookings were exceptionally strong and through the first half of the year, our book to bill was above 1 and our backlog continued to build," stated Michael Pangia, President and Chief Executive Officer of Aviat Networks. "Our business is tracking to plan, and we anticipate continued momentum throughout this fiscal year. While there can always be project delays or macro-economic issues that impact quarterly results, we have increased confidence in our ability to meet our top- and bottom-line objectives this fiscal year."

Fiscal 2019 Second Half Outlook

GUIDANCE:

Aviat Networks sees FY2019 revenue of $250-255 million.

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

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