* Q1 adj loss/shr $0.20 vs est loss/shr $0.04
* Q1 rev $11.7 mln vs est $16.95 mln
* Announces cash distribution of $6.50/shr
* Shares down as much as 15 percent
Dec 1 (Reuters) - Communications equipment provider Sycamore Networks SCMR.O posted a wider-than-expected quarterly loss as its slowing legacy bandwidth-management business hurt revenue, sending its stock down to a near three-month low.
For the quarter ended Oct. 30, Chelmsford, Massachusetts-based Sycamore reported a loss of $6.5 million, or 23 cents a share. It had posted its first profit in 11 successive quarters during May-July. [ID:nSGE68119D]
Excluding items, the company lost 20 cents a share, while analysts had anticipated a loss of 4 cents a share, according to Thomson Reuters I/B/E/S.
Revenue fell 25 percent to $11.7 million, well below Wall Street expectations of $16.95 million.
The company had previously indicated that growth from its existing customer base was limited and is vying to get a higher share of the bandwidth management business for 3G networks through its IQstream product.
They were down 15 percent in late-morning trade on Wednesday on Nasdaq. They touched a low of $25.38 earlier in the day. (Reporting by Himank Sharma in Bangalore; Editing by Maju Samuel)