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Newport Corp Issues Q4 2013 Revenue Guidance Below Analysts' Estimates; Comments On Q4 2013 Earnings Guidance


Wednesday, 30 Oct 2013 04:05pm EDT 

Newport Corp announced that the Company expects sales in the fourth quarter of 2013 to be in the range of $139 million to $145 million. However, the Company expects fourth quarter of 2013 non-GAAP operating and net income per diluted share to be slightly lower than the third quarter level, due primarily to a modest sequential increase in operating expenses. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $148 million, EBIT of $14.75 million and EPS of $0.21 for the fourth quarter of 2013. 

Company Quote

17.86
-0.1 -0.56%
26 Nov 2014