Monday July 22, 7:31 am Eastern Time
Press Release
SOURCE: Wireless Facilities, Inc.
Wireless Facilities to Exceed Previous Revenue and
EBITDA Guidance - Company Expects to Post
Positive Earnings Per Share
- Company Also Announces Date and Time for Earnings Conference Call -
SAN DIEGO, July 22 /PRNewswire-FirstCall/ -- Wireless Facilities, Inc. (WFI) (Nasdaq: WFII - News), a global leader in the
design, deployment and management of wireless telecommunications networks, today announced that it expects to exceed the
previous revenue and EBITDA guidance for second quarter 2002, issued on June 14, 2002, and provided new guidance that it
now expects to report positive earnings per share.
The Company said that as a result of expanding business with existing customers, including AT&T Wireless, Bechtel
Corporation, Cingular Wireless and others, it expects to report an increase in sequential quarterly revenue greater than its
previously issued guidance of five percent above first quarter of 2002.
With better than anticipated revenue gains and a significantly reduced quarterly expense run-rate, the Company said it expects to
report positive earnings per share compared to an analyst consensus expectation of a loss. In the first quarter of 2002, WFI
reported revenue of $40.1 million and an EBITDA loss of $36.9 million.
The Company also announced the following date and times for its second quarter results and conference call.
Date: Wednesday, August 7, 2002
Time: Financial results: 1:05 PM Pacific Time, 4:05 PM Eastern
Time
Conference call: 1:30 PM Pacific Time; 4:30 PM Eastern
Time
Dial in: (212) 346-0184 The Company recommends dialing in 5 to
10 minutes prior to the scheduled start time.
Replay: (800) 633-8284 (Reservation # 20759149) Begins at 3:30
PM Pacific Time on August 7, 2002 and ends at 3:30 PM
Pacific Time on August 9, 2002.
Live Internet: www.wfinet.com |
