January 12, 2017 / 3:10 PM / in 7 months

BUZZ-DragonWave Inc: Posts bigger-than-expected Q3 loss

** Canadian wireless networking equipment maker's U.S.-listed shares fall as much as 22.4 pct to $2.25 - biggest intraday pct loss since May. 2016 - before easing to trade down 12.1 pct at $2.55

** Toronto-listed shares down 15.4 pct at C$3.29

** Company on Wednesday reported Q3 loss of 72 cents/shr vs avg analyst expectation of a loss of 51 cents/shr, according to Thomson Reuters I/B/E/S

** Q3 rev of $10.19 mln falls short of avg analyst estimate of $13.60 mln

** More than 150,000 shares traded, 2.6x their 30-day moving avg

** Up to Wednesday's close, company's U.S.- listed stock had risen about 30 pct in last 12 months

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