Anaren (ANEN) Tops Q1 EPS by 1c; Guides In-line for Q2
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Anaren Inc. (NASDAQ: ANEN) reports Q1 EPS of $0.24, 1 cent better than the analyst estimate of $0.23. Revenue for the quarter was $40.3 million, which compares to the estimate of $41.20 million.
For the second quarter of fiscal 2010, we anticipate a decline in sales for the Wireless Group and increased sales for the Space & Defense Group from our just completed first quarter. As a result, we expect net sales to be in the range of $40 million to $44 million. (Consensus is $43.16M)
We expect Non-GAAP net earnings per diluted share are expected to be in the range of $0.23 - $0.27 for the second quarter. (Consensus is $0.27)
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