Stratos Global Corp. reduced its revenue growth and earnings per share estimates for 2005, the company announced July 11.

Stratos, which makes mobile and fixed communications systems, expects revenue in the 2005 second quarter to be consistent with the $92.4 million reported in the first quarter of 2005. Earnings per share will be about break-even, the company said.

In February, Stratos said it expected revenue growth for 2005 to fall in the low to mid teens, with earnings per share comparable to 2004. Stratos now expects 2005 revenue to be in the low to mid single digits, while earnings per share for the second half of the year are expected to fall in line with the first half of the year results.

Stratos attributed the forecast cuts to disappointing results in the broadband business segment market re-pricing in the mobile satellite services sector, which has led to lower gross margins.

“While we believe our actions and the anticipated industry consolidation will improve the current situation, our 2005 financial year will be impacted substantially,” Jim Parm, Stratos’ president and CEO, said in a statement. “We remain confident in the long-term growth potential of our industry and our ability to maintain our position as the world leader in remote communications.”