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Aviat Networks Inc. Q4 Profit Increases, Inline With Estimates

Aviat Networks Inc. (AVNW) released earnings for its fourth quarter that increased from last year in line with the Street estimates.

The company's earnings came in at $4.5 million, or $0.39 per share. This compares with $2.8 million, or $0.24 per share, in last year's fourth quarter.

Excluding items, Aviat Networks Inc. reported adjusted earnings of $7.8 million or $0.67 per share for the period.

Analysts on average had expected the company to earn $0.67 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.9% to $77.4 million from $71.7 million last year.

Aviat Networks Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $4.5 Mln. vs. $2.8 Mln. last year.
-EPS (Q4): $0.39 vs. $0.24 last year.
-Analyst Estimate: $0.67
-Revenue (Q4): $77.4 Mln vs. $71.7 Mln last year.

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