Powerwave Technologies, Inc. (PWAV: Quote) provided preliminary revenue information for its fiscal first quarter ended April 1, 2012, anticipating revenues in the range of $40 million to $45 million. Net sales in the first quarter of fiscal 2011 totaled $136.6 million. Analysts polled by Thomson Reuters have a consensus revenue estimate of $62.30 million for the quarter.
The company said it continued to encounter weakness in several of its markets in the quarter, citing that network operators continued to be conservative in their spending plans and several markets continued to delay capital spending plans.
Powerwave plans to release its financial results for the first quarter on May 3, 2012 after the market closes. In addition, the company plans to provide additional market information when it releases its first quarter results.
by RTT Staff Writer
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