Canaccord Genuity Reiterates a 'Buy' on Mitel (MITL); Cost Savings Thawing and Revenues Recovered

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Mitel Networks Corp (MITL) Misses Q1 EPS by 6c, Guides Q2 Below

August 30, 2012 4:16 PM EDT

Mitel Networks Corp (NASDAQ: MITL) reported Q1 EPS of $0.08, $0.06 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $138.5 million versus the consensus estimate of $141.16 million.

Mitel Networks Corp sees Q2 2012 revenue of $140-145 million, versus the consensus of $148.56 million.... More