{"id":32726,"date":"2014-10-03T09:33:11","date_gmt":"2014-10-03T13:33:11","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=32726"},"modified":"2014-10-03T09:33:11","modified_gmt":"2014-10-03T13:33:11","slug":"zhone-technologies-inc-nasdaqzhne-announces-preliminary-estimates-of-third-quarter-results","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/zhone-technologies-inc-nasdaqzhne-announces-preliminary-estimates-of-third-quarter-results-32726","title":{"rendered":"Zhone Technologies Inc (NASDAQ:ZHNE) Announces Preliminary Estimates of Third Quarter Results"},"content":{"rendered":"

Boston, MA 10\/03\/2014 (wallstreetpr) \u2013 According to reports, Zhone Technologies Inc (NASDAQ:ZHNE)<\/strong> has announced preliminary<\/a> estimations of its financial results for the 3Q2014. Date of financial reporting for the same quarter will be announced soon by ZHNE.<\/p>\n

Preliminary Estimations:<\/strong><\/p>\n

On the basis of initial information and analysis done by Zhone Technologies Inc (NASDAQ:ZHNE), the net revenue is expected to be between $29 million and $30 million for 3Q2014. The anticipated revenue is slightly lower than what market experts projected for the company. Lower net revenues won’t affect gross margin of the company. According to inputs given by the company, gross margin is expected to be somewhere around 35%-37% for the same period. Operational and managerial activities were not flat consistent in ZNHE during the third quarter. It did not only experience transition of its CEO, but also a few restructuring activities took place, which unnecessarily increased the operating expenses of the company. Because of the occurrence of these unpredicted events, the expected operating expenses are little higher than the previously announced guidelines of $11.5 million. As per the information, Zhone Technologies Inc (NASDAQ:ZHNE) expects that operating expenses would be minimum $2 million more than the previously announced figure of $11.5 million.<\/p>\n

These are just preliminary results and may be different from actual results at the time of final reporting. There are a few things like regulatory requirements, review procedures etc., which will play a significant role at the time of final results. Zhone Technologies Inc (NASDAQ:ZHNE) has announced that it will report final results for 3Q2014 on October 15, 2014. Results will be announced after the closure of day’s trading session. It will conduct an audio webcast and conference call in order to discuss its financial results and other important things with its customers. Those who want to take part in live reporting can do so by collecting required information from the official site of ZNHE.<\/p>\n","protected":false},"excerpt":{"rendered":"

Boston, MA 10\/03\/2014 (wallstreetpr) \u2013 According to reports, Zhone Technologies Inc (NASDAQ:ZHNE) has announced preliminary estimations of its financial results for the 3Q2014. 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