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Mitel Networks (MITL) warns it expects to report FQ1 (ended July 31) revenue of $138M-$139M,...

  • Wednesday, August 8, 2012, 5:59 PM ET
    Mitel Networks (MITL) warns it expects to report FQ1 (ended July 31) revenue of $138M-$139M, below a $153.5M consensus. The provider of unified communications gear blames an inability to ship booked orders, implementation delays for projects, and macro weakness. Mitel, which reports on Aug. 30, will carry out a restructuring plan in response.
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