Key Developments: Planar Systems Inc (PLNR.OQ)

PLNR.OQ on NASDAQ Stock Exchange Global Market

2.12USD
17 Apr 2014
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Latest Key Developments (Source: Significant Developments)

Planar Systems Inc lowers FY 2014 revenue guidance; raises FY 2014 EPS guidance; gives Q2 2014 guidance; EPS guidance above analysts' estimates
Wednesday, 5 Feb 2014 04:05pm EST 

Planar Systems Inc:Expects FY 2014 revenue in the range of $165-$175 million.Expects FY 2014 non-GAAP income per share of $0.11 to $0.16.Anticipates Q2 2014 revenue in the range of $40-$42 million.Anticipates Q2 2014 non-GAAP income per share (EPS) of $0.00 to $0.02.FY 2014 revenue of $171 million - Thomson Reuters I/B/E/S.Q2 2014 revenue of $40 million and EPS of ($0.01) - Thomson Reuters I/B/E/S.  Full Article

Planar Systems Inc Issues Q1 2014 Guidance In Line With Analysts' Estimates; Issues FY 2014 Guidance; EPS Guidance Above Analysts' Estimates
Wednesday, 20 Nov 2013 04:05pm EST 

Planar Systems Inc announced that for the first quarter of 2014, it expects revenue in the range of $41-43 million and Non-GAAP income per share of $0.02 to $0.04. For fiscal 2014, it expects revenue in the range of $170-180 million and Non-GAAP income per share of $0.10 to $0.15. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $43 million and EPS of $0.02 for the first quarter of 2014 and revenue of $173 million and EPS of $0.07 for fiscal 2014.  Full Article

Planar Systems Inc Issues Q4 2013 Guidance; EPS Guidance Above Analysts' Estimates
Thursday, 8 Aug 2013 04:05pm EDT 

Planar Systems Inc announced that it currently anticipates revenue in the range of $42-44 million and Non-GAAP income per share (EPS) of $0.03 to $0.05 in the fourth quarter of 2013. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $43 million and EPS of $0.02 for the fourth quarter of 2013.  Full Article

Planar Systems Inc Issues Q2, FY 2013 Guidance Below Analysts' Estimates; Comments On H2 2013 Earnings Guidance
Wednesday, 6 Feb 2013 04:05pm EST 

Planar Systems Inc announced that for fiscal 2013, it expects revenue growth of 5% to 10 %, excluding EL product line revenue. Additionally, the Company expects to achieve Non-GAAP profitability in the second half of fiscal 2013, as well as, for fiscal 2013. However, in the near term, the Company expects to follow its normal seasonal pattern of lower sequential revenue in the second quarter of fiscal 2013. As a result, the Company anticipates revenue in the range of $34 to $37 million and a Non-GAAP loss of $0.09 to $0.04 in the second fiscal quarter of 2013. Total Company revenue, excluding EL product line revenue, was $32.4 million in the second fiscal quarter of 2012. The Company reported revenues of $171 in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $39 million and EPS of $(0.05) for the second quarter of 2013; revenues of $166 for fiscal 2013.  Full Article

Planar Systems Inc Appoints New CFO-Form 8-K
Friday, 21 Dec 2012 09:19pm EST 

Planar Systems Inc reported in its Form 8-K that on December 17, 2012, the Board of Directors of Planar Systems, Inc. (Company) elected Ryan Gray as Vice President-Finance and Chief Financial Officer (CFO) of the Company, effective as of January 1, 2013.  Full Article

Planar Systems Inc Announces Sale of Electroluminescent Business to Beneq
Friday, 30 Nov 2012 09:00am EST 

Planar Systems Inc announced the sale of its electroluminescent (EL) display business to Beneq Oy, a supplier of production and research equipment for advanced thin film coatings. Under the terms of the transaction, consideration consists of a $6.5 million base purchase price, of which $3.9 million was paid in cash at closing and $2.6 million was paid in the form of a promissory note. The transaction terms also provide for up to $3.5 million in possible additional cash consideration which can be earned in calendar years 2013, 2014, 2015 based upon the EL business achieving certain financial results.  Full Article

Planar Systems Inc Issues Q1 2013 Guidance In Line With Analysts' Estimates
Tuesday, 20 Nov 2012 04:05pm EST 

Planar Systems Inc announced that for the first quarter of 2013, it expects revenue in the range of $44 to $48 million and a Non-GAAP loss of $0.05 to a Non-GAAP profit of $0.01. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $44 million and EPS of $(0.04) for the first quarter of 2013.  Full Article

Planar Systems Inc Announces CFO Succession Plan
Friday, 17 Aug 2012 04:05pm EDT 

Planar Systems Inc announced the succession plan for the Company's chief financial officer (CFO), Scott Hildebrandt, who is stepping down at the end of this calendar year. Ryan Gray, Planar`s vice president of finance, will become the Company's CFO on January 1, 2013. Mr. Hildebrandt will remain on the management team as senior vice president and CFO through the end of calendar 2012 to ensure a smooth transition, and will then move into a part time strategic role for Planar beginning in January of 2013.  Full Article

Planar Systems, Inc. Issues Q3 2012 Mixed Guidance
Wednesday, 2 May 2012 04:05pm EDT 

Planar Systems, Inc. announced that for third quarter of 2012, it expects revenue in the range of $39-$42 million and a Non-GAAP loss between $0.07-$0.10 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $44 million and EPS of $(0.15) for third quarter of 2012.  Full Article

BRIEF-Planar reports Q4 loss of $0.01 per share

Nov 20 - Planar Systems Inc : * Announces fiscal fourth quarter and full year 2013 financial results * Q4 GAAP loss per share $0.01 * Q4 sales $45.7 million * Sees Q1 2014 non-GAAP earnings per share $0.02 to $0.04 * Sees FY 2014 non-GAAP earnings per share $0.10 to $0.15 * Sees Q1 2014 revenue $41 million to $43 million * Sees FY 2014 revenue $170 million to $180 million * Q4 non-GAAP earnings per share $0.05 * Source text for Eikon * Further company coverage

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