Key Developments: EXFO Inc (EXF.TO)

EXF.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

EXFO Inc Lowers Q3 2013 Guidance
Tuesday, 4 Jun 2013 05:21pm EDT 

EXFO Inc announced that for the third quarter of 2013, it expects revenue to be approximately USD59.0 million compared to previous guidance of USD64.0 million to USD69.0 million. Given lower-than-anticipated revenue for the third quarter of 2013, IFRS net loss will fall between USD0.02 and USD0.01 per share. The Company's initial outlook was IFRS net earnings of USD0.00 to USD0.04 per share. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $66 million and EPS of $0.06 for the third quarter of 2013.  Full Article

EXFO Inc Issues Q3 2013 Guidance; EPS Guidance Below Analysts' Estimates
Wednesday, 27 Mar 2013 04:05pm EDT 

EXFO Inc announced that for the third quarter of 2013, it expects sales between $64.0 million and $69.0 million and net earnings to range between $0.00 and $0.04 per diluted share. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $69 million and EPS of $0.08 for the third quarter of 2013.  Full Article

EXFO Inc And Sumitomo Sign Partnership Agreement
Thursday, 17 Jan 2013 09:00am EST 

EXFO Inc announced that it has signed a partnership agreement with Sumitomo Electric Industries (SEI), whereby its recently launched FG-750 Node iOLM, an OTDR-based remote test unit for automated FTTH fault management, is now fully qualified with Sumitomo's reflective termination filter technology. Through this partnership, both companies will leverage their respective FTTH test and diagnosis expertise in advanced optical-line testing and monitoring applications.  Full Article

EXFO Inc Issues Q2 2013 Guidance; EPS Guidance Below Analysts' Estimates
Wednesday, 9 Jan 2013 04:05pm EST 

EXFO Inc announced that for the second quarter of 2013, it expects sales between $62.0 million and $67.0 million and net loss to range between $0.04 and $0.00 per share. Net loss includes $0.04 per share in after-tax amortization of intangible assets and stock-based compensation costs. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $65 million and EPS of $0.06 for the second quarter of 2013.  Full Article

EXFO Inc Renews Normal Course Issuer Bid
Wednesday, 7 Nov 2012 09:00am EST 

EXFO Inc announced that its Board of Directors has authorized the renewal of its share repurchase program, by way of a normal course issuer bid (NCIB) on the open market, of up to 10% (2,072,721 subordinate voting shares) of the public float (20,727,212 subordinate voting shares) as defined by the Toronto Stock Exchange. EXFO had 28,822,515 subordinate voting shares outstanding on November 1, 2012. As of November 1, 2012, EXFO has repurchased in the course of the previous renewal of its NCIB a total of 468,148 shares, being 275,596 shares on the TSX at an average amount of CA$ 4.99 and 192,552 shares on the NASDAQ at an average amount of USD 5.00. The previous renewal of the NCIB has been effective since November 10, 2011 and will expire on November 9, 2012.  Full Article

EXFO Inc Issues Q1 2013 Guidance; EPS Guidance Below Analysts' Estimates-Conference Call
Tuesday, 9 Oct 2012 09:00pm EDT 

EXFO Inc announced that for the first quarter of 2013, it is forecasting sales between $60 million and $65 million and IFRS net loss should range between $0.05 to $0.01 per share. Note that IFRS net loss includes $0.05 per share in after-tax amortization of intangible assets, restructuring charges, as well as stock-based compensation cost. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $62 million and EPS of $0.04 for the first quarter of 2013.  Full Article

Artiza Networks Inc Announces Business Alliance with EXFO Inc.
Tuesday, 9 Oct 2012 12:00am EDT 

Artiza Networks Inc announced that it has reached an agreement with EXFO Inc. on business alliance. The two companies will collaborate in the expansion of sales channel of the two Company's products as well as the development of new products.  Full Article

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