ROSH HA AYIN, Israel (AP) — ROSH HA AYIN, Israel (AP) — Ceragon Networks Ltd. (CRNT) on Wednesday reported a loss of $2.7 million in its fourth quarter.
On a per-share basis, the Rosh Ha Ayin, Israel-based company said it had a loss of 3 cents. Earnings, adjusted for pretax expenses and stock option expense, were less than 1 cent on a per-share basis.
The provider of wireless backhaul services posted revenue of $75.5 million in the period.
For the year, the company reported that its loss narrowed to $7.4 million, or 9 cents per share. Revenue was reported as $295.2 million.
Ceragon expects full-year revenue in the range of $325 million to $345 million.
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