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Intevac, Inc. Issues Q4 2011 Guidance Below Analysts' Estimates; Raises FY 2011 Guidance-Conference Call
Intevac, Inc. announced that for fourth quarter of 2011, it expects consolidated revenue to be in the range of $16-$20 million and net loss in the range of $0.27 to $0.30 per share (EPS). For fiscal 2011, it expects revenue to be in the range of $80-$84 million and net loss to be between $0.96 and $0.99 per share. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $26 million and EPS of $(0.14) for fourth quarter of 2011; revenue of $88 million and EPS of $(0.84) for fiscal 2011.
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