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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. 

Company Quote

-0.11 -1.57%
23 Jan 2015