TEL AVIV, Feb 3 (Reuters) - Alvarion Ltd, an Israeli maker of WiMax and wireless broadband equipment, reported a narrower quarterly net loss on Wednesday due to efficiency measures and forecast improvement in the second half of 2010.
Alvarion posted a fourth-quarter net loss of $1.3 million or 2 cents per share, compared with a loss of $4.8 million or 8 cents a share a year earlier.
Excluding one-time items it posted earnings per share diluted of 1 cent compared with a 1 cent loss a year earlier.
Revenue fell 14 percent to $60.2 million.
'Looking ahead, we expect gradual improvement during the second half of 2010 as the tight credit environment starts to ease and some of the business catalysts materialise,' President and Chief Executive Eran Gorev said in a statement.
For the first quarter of 2010 Alvarion forecast revenue of $50 million to $60 million while non-GAAP per share results are expected to range between a loss of 7 cents and profit of one cent.
(Reporting by Tova Cohen) Keywords: ALVARION/ (telaviv.newsroom@reuters.com; +972-9-899-0222; Reuters Messaging: tova.cohen.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Alvarion posted a fourth-quarter net loss of $1.3 million or 2 cents per share, compared with a loss of $4.8 million or 8 cents a share a year earlier.
Excluding one-time items it posted earnings per share diluted of 1 cent compared with a 1 cent loss a year earlier.
Revenue fell 14 percent to $60.2 million.
'Looking ahead, we expect gradual improvement during the second half of 2010 as the tight credit environment starts to ease and some of the business catalysts materialise,' President and Chief Executive Eran Gorev said in a statement.
For the first quarter of 2010 Alvarion forecast revenue of $50 million to $60 million while non-GAAP per share results are expected to range between a loss of 7 cents and profit of one cent.
(Reporting by Tova Cohen) Keywords: ALVARION/ (telaviv.newsroom@reuters.com; +972-9-899-0222; Reuters Messaging: tova.cohen.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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