Ixia (XXIA) announced that it currently expects revenues in the first quarter of 2013 to be in the range of $121 million to $123 million, below its prior revenue guidance of $125 million to $127 million.
Analysts currently expect first quarter revenue of $126.09 million.
The company said its updated revenue expectations exclude $4.15 million that it previously expected to recognize in the 2013 first quarter but has now recognized in prior periods that have been restated to correct certain revenue recognition practices including with respect to an implied warranty arrangement with a customer that resulted in the $4.15 million not being recognized during the 2013 first quarter.
The updated range reflects the company's previous guidance, as adjusted for the $4.15 million in revenue that has been recognized in prior periods.
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