Alvarion Lowers Guidance for Q3 2012

Loading...
Loading...
TEL AVIV, Israel--(BUSINESS WIRE)-- Alvarion® Ltd.
ALVR
, a global provider of optimized wireless broadband solutions addressing the connectivity, coverage and capacity challenges of public and private networks, today announced that it expects revenues for the third quarter of 2012 to be approximately $27 million, below the guidance previously provided of revenues between $31 million and $39 million. The shortfall in revenues was the result of significant shipments postponed from the current quarter to the fourth quarter of 2012, primarily from two Carrier Licensed customers, one based in Latin America and another in Central Eastern Europe; and a significant order delayed from the current quarter to the fourth quarter of 2012 from a Carrier Wi-Fi customer based in Africa. In addition, the
See full press release
Market News and Data brought to you by Benzinga APIs
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceAsset SalesManagementGlobal
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...