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Powerwave (PWAV -9.5%) plummets after reporting a Q4 loss of $1.34/share vs. a consensus $0.61...

Powerwave (PWAV -9.5%) plummets after reporting a Q4 loss of $1.34/share vs. a consensus $0.61 loss; revenues fell 65% Y/Y to $60.1M vs. expectations of $90.9M. J.P. Morgan downgrades shares to Underweight, while Jefferies and Canaccord each cut (I, II) their estimates and price targets.
Comments (2)
  • James Hammond
    , contributor
    Comments (7) | Send Message
     
    the downgradew are a day late and a dollar short!
    15 Feb 2012, 01:55 PM Reply Like
  • mychak49
    , contributor
    Comments (5) | Send Message
     
    yeah really...this company is have several different firms alledging them of knowingly lie to shareholders.
    15 Feb 2012, 06:28 PM Reply Like
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