Aviat Networks Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Aviat Networks

AVNW 22.85

-2.1%

Nov 7 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rob Preuss who wrote (34)	5/2/2007 8:47:24 PM
From: Rob Preuss	Read Replies (1) of 312

Harris Stratex Gives Earnings Outlook Wednesday May 2, 10:34 am ET Harris Stratex Issues Outlook for Second Half of Fiscal 2007, Fiscal 2008 RESEARCH TRIANGLE PARK, N.C. (AP) -- Wireless transmissions systems supplier Harris Stratex Networks Inc. said Wednesday it expects adjusted earnings of 19 cents to 24 cents per share for the second half of fiscal 2007. For the six months ending June 29, the company anticipates sales of between $300 million and $310 million. For fiscal 2008, the company estimated adjusted earnings of $1.05 to $1.22 per share on a revenue increase of 5 to 10 percent over fiscal 2007. Analysts polled by Thomson Financial expect the company to earn $1.16 per share in fiscal 2008. Harris Stratex also said it expects plans for reducing costs will be done by the middle of the next fiscal year, saving the company $35 million. Shares dropped $4.43, or 22.3 percent, to a new year low of $15.41 in morning trading on the Nasdaq Stock Market. during the past year, the stock has traded between $18.23 and $21.25.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next