Key Developments For LeCroy Corporation
LeCroy Corporation (LCRY.O) (Consolidated Issue listed on NASDAQ Global Market)
LeCroy Corp. Issues Q2 2009 Revenue Guidance In Line With Analysts' Estimates
LeCroy Corp. announced that for the second quarter of 2009, it expects revenues to be in the range of $28-$30 million. According to Reuters Estimates, analysts are expecting the Company to report revenues of $30 million for the same period.
LeCroy Corp. Issues Q1 2010 Revenue Guidance Below Analysts' Estimates
LeCroy Corp. announced that first quarter of 2010, it expects revenue in the range of $26-$29 million. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $39 million for the same period.
LeCroy Corp. Introduces AudioBus Trigger, Decode and Graph Test Solutions for I2S, LJ, RJ, and TDM Audio Bus Standards
LeCroy Corp. announced that its new serial AudioBus Trigger, Decode, and Graph packages provide all the tools needed to precisely analyze and debug the Inter-IC-Sound bus (I2S), a serial interface developed for digital audio. Immediately available for use with the powerful WaveRunner Xi and WaveSurfer Xs oscilloscope platforms, LeCroy's AudioBus decode enables the unique View Audio feature that converts the digitally encoded serial data audio signal to an analog waveform display.
LeCroy Corp. Issues Q4 2009 Revenue Outlook Below Analysts' Estimates
LeCroy Corp. announced that fourth quarter of 2009, it expects revenues in the range of $26-$29 million. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $31 million for the same period.
LeCroy Corp. Implements Additional Cost Cutting Actions-DJ
Dow Jones reported that, LeCroy Corp. said that it plans to take more significant steps to reduce its operating expenses as a result of market conditions that continue to worsen. The Company said in a document filed with the Securities and Exchange Commission that its cost reduction actions include a 6.5% cut in staff, reduced work weeks in targeted areas, and deeper reductions in programs and discretionary expenses, including travel and promotion.
