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Article: Endwave Provides Updated Revenue Outlook for the Fourth Quarter of 2008.(Financial report)
- Article from:
- Telecommunications Weekly
- Article date:
- January 21, 2009
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Endwave Corporation (NASDAQ:ENWV) today provided an updated revenue estimate for its fourth quarter of 2008. Management currently anticipates reporting fourth quarter revenues of approximately $10 million as contrasted with revenues of $12 to $13 million projected during their third quarter conference call on October 21, 2008.
oAs discussed on our third quarter conference call, we expected a decline in total revenues during the fourth quarter due to weak demand from our telecommunications customers. However, the contraction in our telecom revenues has been larger than we had originally predicted,o stated Ed Keible, President and Chief Executive Officer of Endwave. ...