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Article: Endwave Offers Updated Revenue Outlook for the Fourth Quarter of 2008
- Article from:
- Wireless News
- Article date:
- January 12, 2009
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Wireless News
01-12-2009
Endwave Offers Updated Revenue Outlook for the Fourth Quarter of 2008
Type: News
Endwave Corp. has provided an updated revenue estimate for its fourth quarter of 2008.
In a release, the company noted that 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.
"As 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 ...