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

|About: Mitel Networks Corporation (MITL)|By:, SA News Editor

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.