The company said it now expects to report between a loss of 1 cent per share and breakeven results. Previously, the company said it would likely post results in a range between a loss of 1 cent per share and a profit of 2 cents per share.
Excluding charges, the company said its profit would range from 3 cents to 4 cents per share, compared to Ixia's earlier guidance of between 4 cents and 7 cents per share.
Analysts polled by Thomson Financial, on average, expect profit of 6 cents per share on revenue of $44.6 million. The estimates do not include charges related to stock-based compensation.
Ixia said its revenue would be between $41 million and $42 million, slightly below its earlier guidance of between $42 million and $46 million for the quarter.
The company said although sales were strong to its largest account, Cisco Systems, and in the Asia Pacific region, sales in Europe and Canada fell more than the company expected.
Lower-than-expected revenue from carriers in North America and Europe also contributed to the shortfall, the company said.
Ixia shares rose 6 cents to close at $7.69 in Thursday trading.
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