Reuters: Technology News: DragonWave cuts third-quarter revenue outlook on shipment delays

Reuters: Technology News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

DragonWave cuts third-quarter revenue outlook on shipment delays Dec 6th 2012, 14:20 Thu Dec 6, 2012 9:20am EST (Reuters) - Canadian telecom network equipment maker DragonWave Inc cut its third-quarter revenue forecast as shipment of orders were delayed, sending its Nasdaq-listed shares down 14 percent before the bell. The company now expects revenue of about $39 million for the quarter ended November 30, down from its prior forecast range of $43 million to $50 million. DragonWave, which supplies packet microwave radio systems for mobile and access networks, said orders expected to ship in November were rescheduled to December. Orders to support shipments to European customers were lower than expected in the quarter. Shares of the company closed at $2.21 on Wednesday on the Nasdaq. They closed at C$2.21 on the Toronto Stock Exchange.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions