Endwave posts narrower loss in 3rd quarter
LOS ANGELES, Oct 18 (Reuters) - Endwave Corp. (ENWV.O: Quote, Profile, Research) reported a narrower quarterly loss from a year ago, but said it would postpone a planned secondary offering until further notice.
The company posted a third-quarter net loss of $193,000, or 2 cents per share, compared with a net loss in 2004 of $2 million or 21 cents. It had adjusted earnings of 6 cents per share.
Endwave said revenue rose 88 percent to $14.3 million in the third quarter, compared with $7.6 million a year ago.
Analysts were expecting Endwave to post adjusted earnings of 4 cents per share and revenue of $13.5 million, according to Reuters Estimates.
The company posted a third-quarter net loss of $193,000, or 2 cents per share, compared with a net loss in 2004 of $2 million or 21 cents. It had adjusted earnings of 6 cents per share.
Endwave said revenue rose 88 percent to $14.3 million in the third quarter, compared with $7.6 million a year ago.
Analysts were expecting Endwave to post adjusted earnings of 4 cents per share and revenue of $13.5 million, according to Reuters Estimates.
posted by Gordengekko at 5:51 PM
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