Alvarion (AVLR) shares are trading lower after the WiMax equipment supplier reported a larger-than-expected loss for the second quarter.
For the quarter, ALVR reported revenue of $49 million, about in line with the Street at $49.5 million, but with a loss of 11 cents a share, worse than the Street consensus at 5 cents.
The company said it expects gradual improvement in shipments in the second half, but adds that it is not giving detailed Q3 guidance “because the timing of revenue from several large projects cannot be predicted with accuracy.”
ALVR is down 11 cents, or 4.7%, to $2.25.
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