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Article: Powerwave Technologies Reports Third Quarter Results.(Company overview)

Article from:
Investment Weekly News
Article date:
November 14, 2009
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Powerwave Technologies, Inc. (Nasdaq:PWAV), a global supplier of end-to-end wireless solutions for wireless communications networks, reported preliminary results for its third quarter ended September 27, 2009.

Net sales in the third quarter of fiscal 2009 were $139.0 million, compared with $238.0 million in the third quarter of fiscal 2008. Powerwave also reported third quarter GAAP net income of $0.3 million, which includes non-cash intangible asset amortization charges of $0.8 million and $0.7 million of restructuring and impairment charges. For the third quarter of 2009, the net income equates to basic and diluted earnings per share of 0 cents. This compares ...

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