Alvarion: The Timing is Right

Alvarion (ALVR) came out with earnings yesterday morning, May 5th, and according to the company, its first-quarter loss narrowed on markedly stronger sales. <!--more-->The company reported a net loss of $601,000, or 1 cent per share, compared with $623,000, or 1 cent per share, in the first quarter of 2007. (The per-share discrepancy is due to a higher number of outstanding shares compared with the same period last year).

Excluding discontinued operations, one-time costs and gains, the company earned $2 million, or 3 cents per share, compared with $1.3 million, or 2 cents per share, in the 2007 first quarter.