UPDATE 1-Ultralife posts Q2 loss, cuts '09 rev view

* Q2 loss/shr $0.41 vs year-ago EPS $0.36

* Q2 rev down 55 percent at $39.6 mln

* Shares down as much as 13 pct

July 30 (Reuters) - Ultralife Corp (ULBI.O), which sells batteries and other power-providing solutions, posted a second-quarter loss, hurt by delays in receiving defense orders, and forecast full-year revenue below market estimates, sending its shares down as much as 13 percent.

For 2009, the company expects revenue of $180 million to $210 million, down from its prior view of $230 million.

Analysts, on average, expected revenue of $217.5 million, according to Reuters Estimates.

For the latest quarter ended June 28, the company reported a net loss of $7 million, or 41 cents a share, compared with a net profit of $6.4 million, or 36 cents a share, a year ago.

Revenue fell 55 percent to $39.6 million.

Analysts, on average, expected the company to earn a cent a share, before items, on revenue of $50.5 million.

"Our standby power business is performing below plan due to the economic downturn, which has caused customers and prospects to defer capital spending and resulted in intense price competition," Chief Executive John Kavazanjian said in a statement.

Shares of the Newark, New York-based company were down 7 percent at $5.78 Thursday morning on Nasdaq. They had touched a low of $5.41 earlier in the session.

For the alerts, please double-click on [nWNBB5765 ]. (Reporting by Biswarup Gooptu in Bangalore; Editing by Unnikrishnan Nair)