This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Powerwave Hit by Sales Miss

Powerwave (PWAV) comes up a bit light on sales but says wireless spending is picking up.

The Santa Ana, Calif., wireless-network partsmaker posted an adjusted loss of $10.2 million, or 8 cents a share, in the third quarter. That compares with a pro forma loss of $21.1 million, or 16 cents a share, in the second quarter.

Sales for the third quarter ended last month were $200.7 million, up from $185.6 million in the second quarter and well above $145.8 million last year.

Analysts were looking for a pro forma loss of 8 cents a share on $202.7 million in revenue, according to Yahoo Finance.

Powerwave, along with infrastructure supply giants such as Ericsson (ERIC - Get Report) and Tellabs (TLAB) have seen their order rates whipsawed by sudden spending cuts this year. But Powerwave says the storm may have passed.

"While there have been some concerns expressed by several participants in the wireless market concerning slowness within the marketplace, we continue to believe that the second half of this year is showing signs of increased demand for wireless infrastructure equipment," CEO Ron Buschur said.

Powerwave shares traded down 11 cents to $6.08 in afterhours trading Monday.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
PWAV $0.06 0.00%
ERIC $8.76 0.00%
AAPL $94.02 0.00%
FB $104.07 0.00%
GOOG $683.57 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs