Aviat Networks announces update to Q1 fiscal 2014 revenues guidance
Oct 04, 2013 (M2 EQUITYBITES via COMTEX) --
Aviat Networks Inc (Nasdaq:AVNW), a provider of microwave networking solutions, on Thursday updated its revenues guidance for Q1 fiscal 2014 and now expects preliminary revenues to be in the range of USD95m to USD100m.
According to the company, the factors contributing to this updated guidance include the rebidding of a contract that was anticipated to be revenues in the quarter and timing of certain orders impacting its ability to ship and bill in the quarter.
This change in revenues is expected to impact earnings per share, but currently the company is unable to quantify the impact at this time.
Aviat Networks is expected to report complete Q1 fiscal 2014 financial results after the market close on 30 October 2013.
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