Endwave narrows Q2 net loss; shares rise 18%
Radio frequency module maker Endwave Corporation (Nasdaq:ENWV) narrowed its second-quarter net loss, the company announced after the close on Thursday. The news sent shares soaring 18% today. For the quarter ended June 30, net loss was $0.76 million, or $0.08 per share, compared to a net loss of $1.9 million, or $0.16 per share, for the same quarter a year ago. Revenues were $17.3 million versus, $13.5 million for the year-ago period. The company said the revenue growth was spurred by increased demand from Nokia Siemens Networks and better momentum with non-telecom customers.
Shares of the San Jose, Calif.-based company are at $6.50 at 11:17 a.m. ET, up $1 from Thursday’s close. The stock has ranged from $4.81 to $11.44 during the past year.
Shares of the San Jose, Calif.-based company are at $6.50 at 11:17 a.m. ET, up $1 from Thursday’s close. The stock has ranged from $4.81 to $11.44 during the past year.
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