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To: Johnny Canuck who wrote (37762)	7/23/2002 1:58:15 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68092

Monday July 22, 10:26 am Eastern Time Wireless Facilities Estimate -2: Street Sees 2nd Quarter Loss SAN DIEGO -(Dow Jones)- Wireless Facilities (NasdaqNM: WFII - News) Inc. expects to report a profit and better-than-expected revenue for the second quarter, thanks to expanding business with existing customers and ongoing expense reductions. In a press release Monday, the provider of outsourced telecommunications services said it expects to report positive earnings-per-share, compared to a consensus estimate for a second quarter loss. Two analysts polled by Thomson First Call yielded estimates for a second quarter loss of 1 cent and 4 cents a share, respectively. A year ago, Wireless Facilities posted a second quarter loss of $38.3 million, or 87 cents a share. Before goodwill and acquisition-related charges, the loss was $22 million, or 50 cents a share. Revenue growth for the second quarter should beat the 5% sequential increase forecast earlier because of more business from AT&T Wireless Services Inc. ( AWE), Bechtel Corp., Cingular Wireless and others. Based on first quarter revenue of $40.1 million, Wireless Facilities' estimate for second quarter revenue is above $42.1 million. Year-ago revenue was $54.7 million. The company also said it expects to exceed previous EBITDA guidance for the second quarter. On May 8 , Wireless Facilities forecast positive earnings before interest, taxes, depreciation and amortization. The company plans to report second quarter earnings on Aug. 7 . Shares recently traded at $4.65, up 30 cents, or 7%, on Nasdaq volume of 29, 200 shares. Average daily volume is 134,593 shares. Company Web site: www.wfinet.com