Stratos Lightwave Says Second-Quarter Revenue to Trail Estimates

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Stratos Lightwave (STLW) lowered second-quarter revenue guidance, citing decreased capital spending by its customers.

The Chicago-based supplier of optical components expects second-quarter revenue of $12 million to $13 million, down from previous guidance of $15 million to $20 million. The average estimate of analysts polled by First Call is for Stratos to lose 5 cents a share in the quarter.

The company estimates cash and equivalents will total $110 million at the end of the quarter, which is Oct. 31.