Mercury Computer (MRCY) Warns for Q1

Mercury Computer Systems, Inc. (Nasdaq: MRCY) revised financial guidance for the first fiscal quarter ending September 30, 2012. Based upon currently available information, revenue for the quarter is expected to be in the range of $48 million to $50 million. This compares with the Company's prior guidance of $55 million to $61 million and the consensus of $58.4 million.

GAAP loss from continuing operations for the quarter is now expected to be in the range of $0.24 to $0.28 per share, compared with prior guidance of a loss of $0.03 to $0.08 per share.

"The uncertainties surrounding the U.S. defense budget and resulting slowdown in defense program funding and contracting ultimately affected our first quarter business more significantly than we initially anticipated," said Mark Aslett, President and CEO, Mercury Computer Systems. "However, we continue to expect that SEWIP will be an important future bookings and revenue driver for Mercury."

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