Aviat Networks (AVNW) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS
Aviat Networks (NASDAQ:AVNW) announced its earnings results on Tuesday. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.07) by $0.04, AmericanBankingNews.com reports. The company had revenue of $85.90 million for the quarter, compared to the consensus estimate of $85.01 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The company’s quarterly revenue was down 21.2% on a year-over-year basis.
Shares of Aviat Networks (NASDAQ:AVNW) traded down 0.64% on Tuesday, hitting $1.56. 263,954 shares of the company’s stock traded hands. Aviat Networks has a 52-week low of $0.99 and a 52-week high of $2.81. The stock has a 50-day moving average of $1.32 and a 200-day moving average of $1.43. The company’s market cap is $97.0 million.
Aviat Networks, Inc(NASDAQ:AVNW) together with its subsidiaries, is a global supplier of microwave networking solutions.
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