Read
- Frenetic search for survivors as 91 feared dead in tornado-hit Oklahoma
|
- Israel fires back at Syria after gunshots at its troops
- Drop in U.S. underground water levels has accelerated -USGS
- Dollar firms as Fed suspense builds, shares off highs
|
- IRS officials back on Capitol Hill hot seat over targeting
Reuters Photojournalism
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption
Tornado chasers
Storm chasers brave danger and debris as they try to capture photos of tornadoes' destructive power. Slideshow
Running while blind
Blind or visually impaired students compete in blind track and field tournament. Slideshow
Sponsored Links
DragonWave cuts third-quarter revenue outlook on shipment delays
(Reuters) - Canadian telecom network equipment maker DragonWave Inc cut its third-quarter revenue forecast as shipment of orders were delayed, sending its Nasdaq-listed shares down 14 percent before the bell.
The company now expects revenue of about $39 million for the quarter ended November 30, down from its prior forecast range of $43 million to $50 million.
DragonWave, which supplies packet microwave radio systems for mobile and access networks, said orders expected to ship in November were rescheduled to December. Orders to support shipments to European customers were lower than expected in the quarter.
Shares of the company closed at $2.21 on Wednesday on the Nasdaq. They closed at C$2.21 on the Toronto Stock Exchange.
(Reporting by Ankur Banerjee in Bangalore; Editing by Roshni Menon)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters