Alvarion Slides As Q4 Guidance Comes Up Short

Alvarion (ALVR) shares are trading lower today after the Israeli provider of WiMax gear provided disappointing Q4 guidance.

For Q3, the company reported revenue of $58.4 million, down 0.6% sequentially and off 21% year over year, but ahead of the Street at $57.9 million. The company had profits for the quarter of $200,000, or under a penny a share, which was better than the Street consensus forecast of a loss of 2 cents a share.

However, for Q4, the company sees revenue of $55 million to $63 million, below the Street at $64.4 million; and the company sees EPS for the quarter ranging from a loss of 4 cents to a profit of 2 cents, which at the midpoint would be a loss of a penny a share. The Street is looking for a profit of a penny.

ALVR today is down 29 cents, or 7%, to $3.84.