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Aviat Networks Sets Date for Its Fiscal 2019 Fourth Quarter and Fiscal 2019 Financial Results Announcement and Conference Call
MILPITAS, Calif., Aug. 15, 2019 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ: AVNW), ("Aviat Networks" or the "Company"), the leading expert in wireless
About this update from Aviat Networks, Inc.
[{"type":"text","content":"MILPITAS, Calif., Aug. 15, 2019 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ: AVNW), (\"Aviat Networks\" or the \"Company\"), the leading expert in wireless transport solutions, today announced that it will be reporting its fiscal 2019 fourth quarter and year-end results for the period ended June 28, 2019, on Tuesday, August 27, 2019 after-market close. The Company also disclosed that it will be hosting a teleconference and webcast to discuss its financial results and outlook later that afternoon (Tuesday, August 27, 2019) at 4:30 p.m. Eastern / 1:30 p.m. Pacific.\nSpeaking from management will be Michael Pangia, President and Chief Executive Officer, and Stan Gallagher, Senior Vice President and Chief Operating Officer. Following management's remarks, there will be a question and answer period. To listen to the live conference call, please dial toll-free (US/CAN) 866-562-9910 or toll-free (INTL) 661-378-9805, conference ID: 1197914. We ask that you dial-in approximately 10 minutes prior to the start time. Additionally, participants are invited to listen via webcast, which will be broadcasted live and via replay approximately two hours after the call is completed at http://investors.aviatnetworks.com/events-and-presentations/events.\nThe Company expects its fiscal 2019 fourth quarter revenue to be in the range of $63 to $65 million, resulting in fiscal 2019 revenue of $243 to $245 million, representing modest growth over the comparable prior year periods. Consistent with prior guidance, gross margin for fiscal 2019 is expected to be approximately 33%. As a result of the Company's fourth quarter revenue being below prior guidance and due to the effect of additional variable compensation expense due to exceptionally strong bookings, adjusted earnings before interest, taxes, depreciation and amortization (\"EBITDA\") is expected to be lower than anticipated and slightly below the prior year. \nThe estimates above are based on management's preliminary analysis and subject to change. No further financial information for the 2019 fiscal year will be provided prior to the Company's planned release on August 27, 2019.\nMichael Pangia, President and Chief Executive Officer of Aviat Networks stated, \"The slowdown in spending in Africa is well documented and continued to impact our business relative to our expectations. With that said, ou...