Key Developments: LTX-Credence Corp (LTXC.O)
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Latest Key Developments (Source: Significant Developments)
LTX-Credence Corp Issues Q4 2013 Guidance Below Analysts' Estimates
LTX-Credence Corp announced that fourth quarter of 2013, it expects net sales to be in the range of $36 million to $40 million. Non-GAAP net loss is expected to be in the range of $(0.09) to $(0.05) per share, assuming 48 million shares outstanding. The non-GAAP net loss guidance excludes amortization of purchased intangible assets of approximately $0.4 million. According to I/B/E/S estimate, analysts were expecting the Company to report revenue of $44 million and EPS of $0.05 for fourth quarter of 2013. Full Article
LTX-Credence Corp Issues Q3 2013 Guidance Below Analysts' Estimates
LTX-Credence Corp announced that for third quarter of 2013, it expects net sales to be in the range of $35 million to $40 million. Non-GAAP net loss is expected to be in the range of $(0.10) to $(0.05) per share, assuming 47.5 million shares outstanding. The non-GAAP net loss guidance excludes amortization of purchased intangible assets of approximately $0.4 million. According to I/B/E/S estimate, analysts were expecting the Company to report revenue of $44 million and EPS of $0.04 for third quarter of 2013. Full Article
LTX-Credence Corp Issues Q2 2013 Guidance In Line With Analysts' Estimates
LTX-Credence Corp announced that for second quarter of 2013, it expects net sales to be in the range of $35 million to $39 million. Non-GAAP net loss to be in the range of $(0.08) to $(0.04) per share. The non-GAAP net loss guidance excludes amortization of purchased intangible assets of approximately $0.4 million. According to I/B/E/S estimate, analysts were expecting the Company to report revenue of $35 million and EPS of $(0.06) for second quarter of 2013. Full Article
LTX-Credence Corp Announces Purchase of Multiple PAx Testers by Giga Solution
LTX-Credence Corp announced that Giga Solution Tech Co Ltd provider of semiconductor test services for wireless communication devices, has purchased multiple PAx testers for volume production testing of RF components including multiband and multimode RF power amplifiers, advanced front end modules and 802.11ac devices. Full Article
LTX-Credence Corp Issues Q1 2013 Guidance Below Analysts' Estimates-Conference Call
LTX-Credence Corp announced that for the first quarter of 2013, it expect revenue to be in the range of $42-$46 million, and non-GAAP earnings per diluted share (EPS) to be in the range of $0.01 to $0.05. The non-GAAP guidance excludes amortization of purchased intangible assets of $396,000. At the mid point of the guidance range, gross margin is expected to be approximately 55%, and EBITDA to be approximately 10% of revenue. According to I/B/E/S estimate, analysts were expecting the Company to report EPS of $0.11 on revenue of $48 million for the first quarter of 2013. Full Article
LTX-Credence Corp Issues Q3 2012 Guidance
LTX-Credence Corp announced that for the third quarter 2012, it expects net sales be in the range of $42-$46 million, non-GAAP net income to be in the range of $0.00 to $0.04 per share. The non-GAAP net income guidance excludes amortization of purchased intangible assets of $791,000. Full Article
Presto Engineering Selects LTX-Credence Corp's LTX-Credence X-Series For Deployment At European Test Hub
LTX-Credence Corp and Presto Engineering announced the selection of the LTX-Credence X-Series tester platform for use on customer engagements targeting the wireless communications, automotive and industrial markets. The LTX-Credence tester was selected by Presto Engineering based on its ability to provide optimal cost of test for advanced RF wireless, power management, and application specific devices. The tester has been installed at the Presto Engineering Hub in Grenoble and is fully operational to address customer projects. The X-Series test platform offers several configurations designed to meet the low cost of test challenges for a broad range of advanced mixed signal devices. Full Article
LTX-Credence Corp Issues Q3 2012 Guidance
LTX-Credence Corp announced that for the third quarter of 2012, net sales are expected to be in the range of $28 million to $32 million, non-GAAP net loss is expected to be in the range of $(0.17) to $(0.12) per share. The non-GAAP net loss guidance excludes amortization of purchased intangible assets of $791,000. Full Article
LTX-Credence Corp Announces Selection Of PAx Tester As ANADIGICS' Preferred Test Platform
LTX-Credence Corp announced that ANADIGICS, Inc. has chosen the LTX-Credence PAx tester as its preferred test platform for its power amplifier (PA) cellular and WiFi device testing, including WCDMA and LTE technologies. ANADIGICS will use the PAx to develop new product test solutions and subcontract volume production to outsource assembly and test providers (OSATs) in Asia. Full Article
LTX-Credence Corp Issues Q2 2012 Guidance Below Analysts' Estimates
LTX-Credence Corp announced that for the second quarter of 2012 it expects net sales to be in the range of $26 million to $30 million and non-GAAP net loss (EPS) to be in the range of $(0.20) to $(0.15) per share, assuming 49 million shares outstanding. The non-GAAP net loss guidance excludes amortization of purchased intangible assets of approximately $0.8 million. According to I/B/E/S estimate, analysts were expecting the Company to report EPS of $(0.07) per share on revenue of $36 million for the second quarter of 2012. Full Article
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