Aviat Networks Inc. (AVNW) released earnings for fourth quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings totaled $1.5 million, or $0.12 per share. This compares with $3.8 million, or $0.32 per share, in last year's fourth quarter.
Excluding items, Aviat Networks Inc. reported adjusted earnings of $9.2 million or $0.72 per share for the period.
Analysts on average had expected the company to earn $0.69 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 28.1% to $116.7 million from $91.1 million last year.
Aviat Networks Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $1.5 Mln. vs. $3.8 Mln. last year.
-EPS (Q4): $0.12 vs. $0.32 last year.
-Revenue (Q4): $116.7 Mln vs. $91.1 Mln last year.
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