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Powerwave Hit by Sales Miss

Stock quotes in this article: PWAV , TLAB , ERIC  

Powerwave (PWAV Quote) 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. ...

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