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Adva lowers revenue, profit guidance for Q3

Tuesday 29 August 2017 | 13:34 CET | News
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Adva has lowered its guidance for the third quarter to reflect its acquisition of MRV. It now sees revenues at USD 110-125 million, from its previous forecast of USD 120-130 million. Excluding the acquisition, revenues are seen at EUR 104-114, mainly on the back of weaker than expected orders. The pro forma operating result is now expected to make up minus 4 to plus 2 of revenues. The guidance had been for 2-5 percent. Excluding MRV, it is seen at minus 3 to plus 2 percent.

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Categories: Fixed
Companies: Adva Optical Networking
Countries: World
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