While DragonWave Inc. (Nasdaq: DRWI) swung to a better than expected profit for the first quarter of 26 cents per diluted share compared with a loss fo 8 cents per diluted share last year, revenue fell short of expectations and the company forecast disappointing second quarter results sending the stock price down 91 cents to close at $4.70.
DragonWave's Outlook Disappoints
July 08, 2010 at 17:08 PM EDT
