Westell: Weak in-building wireless carrier segment sales weigh on Q4

Westell Technologies

24/05/2018 13:19

** Shares of telecommunications equipment maker  WSTL.O 
tumble 16.5 pct at $2.89; set to open at more than a 7-month low
    ** Stock one of the biggest pct losers among Nasdaq-listed
companies in premarket trading on Thursday 
    ** Co, on Wednesday, posted smaller-than-expected Q4 profit
and revenue, impacted by lower sales of commercial repeaters and
DAS conditioners in its in-building wireless segment
 urn:newsml:reuters.com:*:nGNX9k9g7g
    ** Misses EPS estimate for the first time in past 4 quarters
and revenue estimate for the 5th time in past 8 quarters
    ** Up to Wednesday's close, stock had fallen nearly 8 pct
this year, compared with a 2 pct decline in the S&P 500
Electronic Equipment, Instruments & Components sub index
 .SPLRCELEQ 

 (Reporting by Vibhuti Sharma in Bengaluru)
 ((RM: vibhuti.sharma.thomsonreuters.com@reuters.net))