[May 14, 2013] Aviat Networks reports lower Q3 net loss, provides annual outlook Tweet May 14, 2013 (Datamonitor via COMTEX) -- Aviat Networks, Inc., a provider of microwave networking solutions, has reported that net loss for the third quarter ended March 29, 2013 was $1.7 million, or $0.03 loss per share, compared to a net loss of $3.2 million, or $0.05 loss per share, for the third quarter ended March 30, 2012. The fourth quarter of fiscal 2013 revenue outlook range is expected to be between $105 million and $115 million. Revenue from product sales and services for the third quarter ended March 29, 2013 was $118.3 million, compared to $111.6 million for the same quarter ended March 30, 2012. Net loss for the nine months ended March 29, 2013 was $9.2 million, or $0.15 loss per share, compared to $22.8 million, or $0.39 loss per share, for the same period ended March 30, 2012. Revenue from product sales and services for the nine months ended March 29, 2013 was $362.3 million, compared to $328.0 million for the same period ended March 30, 2012. The company expects non-GAAP income from continuing operations to be in the range of $0.00-$0.03 per diluted share for the fiscal year 2013. Michael Pangia, president and CEO, Aviat Networks, said: "Fiscal third quarter revenue was driven by solid bookings in the seasonally strong fiscal second quarter and strong performances from Africa and North America. We expect demand for mobile connectivity to be a significant growth driver for the microwave backhaul industry in the geographic markets that we serve." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon [ Back To TMCnet.com's Homepage ]