socialmedian: Alvarion swings to loss on 21% lower sales

User-submitted headlines for this story

Clips

Alvarion swings to loss on 21% lower sales

Source: Wall Street Journal

Nov 04, 2009

Summary

TEL AVIV (MarketWatch) -- Alvarion Ltd., the Tel Aviv provider of wireless broadband solutions, swung to a third-quarter net loss from a year-earlier profit on 21% lower sales. The loss was $1 million, or 2 cents a share, compared with net income of $803,000, or 1 cent, in the year-earlier quarter. On an adjusted basis, Alvarion earned $200,000, or break even per share, compared with profit of $3 million, or 5 cents, a year earlier. Sales declined to $58.4 million from $74.3 million. A survey of analysts by FactSet Research produced consensus estimates of a loss of 2 cents a share on $58.7 million of sales. For the fourth quarter, Alvarion is estimating a loss of 1 cent to 7 cents a share, or adjusted results ranging from a loss of 4 cents to profit of 2 cents. Revenue should come in at $55 million to $63 million.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.