05:25 PM EDT, 10/08/2014 (MT Newswires) -- DragonWave (DRWI) jumped in late trading after the Canadian supplier of packet microwave radio systems for mobile and access networks reported its loss narrowed in its fiscal second quarter as revenue beat analysts' expectations.
Shares of the Ottawa, Canada-based company advanced as much as 11% to $1.45 after gaining 9% at the close of regular trading on Wednesday.
Net loss shrank to $8.9 million, or $0.14 loss per diluted share, in the three months ended August 31, from a net loss of $10.5 million or $0.28 loss per diluted share, a year earlier.
Q2 revenue rose to $37.9 million from $25.5 million year-over-year.
Analysts on average were looking for $0.08 loss per share and revenue of $37.1 million, according to Capital IQ estimates.
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