MELBOURNE, Fla.-Investors cheered AirNet Communications Corp.’s elevated fourth-quarter earnings forecast, sending the wireless base station maker’s stock up almost 80 percent to $1.70 per share.
AirNet previously expected fourth-quarter revenues of between $3 million and $4.5 million, but now expects revenues above $4.5 million. The company reported just $2 million in revenues in the fourth quarter of last year.
