Mellanox Technologies Ltd. shares dropped in the extended session Wednesday after the network products maker's quarterly results and outlook fell short of Wall Street estimates. Mellanox shares fell 12% to $45 after hours. The company reported adjusted first-quarter earnings of 29 cents a share on revenue of $188.7 million. Analysts surveyed by FactSet had forecast earnings of 49 cents a share on revenue of $204.7 million. For the second quarter, Mellanox expects revenue of $205 million to $215 million. Analysts estimate revenue of $223 million.
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