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Aviat Networks records Q1 loss due to declining profitability despite record orders

Earnings Whispers · ·by G4L

AVNW
AVNW Aviat Networks Inc
$16.44 +3.66%
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  1. 1Aviat Networks recorded an adjusted loss per share of $0.05 for the first fiscal quarter.
  2. 2Aviat Networks' first fiscal quarter revenue of $101.97 million fell below consensus.
  3. 3First fiscal quarter orders exceeded $150 million, setting a record.

So what's the key point?

Aviat Networks recorded a loss because revenue was lower than expected despite receiving many orders. While orders reached a record high of $150 million, profitability declined.

Source Earnings Whispers · View original ↗

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