EXFO, Inc. (EXFO) Tops Q1 EPS by 2c

EXFO, Inc. (NASDAQ: EXFO) reported Q1 EPS of $0.06, $0.02 better than the analyst estimate of $0.04. Revenue for the quarter came in at $61.8 million versus the consensus estimate of $60.9 million.

GUIDANCE:

EXFO, Inc. sees FY2017 EPS of ($0.01)-$0.03, versus the consensus of $0.05. EXFO, Inc. sees FY2017 revenue of $58-63 million, versus the consensus of $58.83 million.

"Fiscal 2017 has gotten off to a strong start with double-digit increases in sales, bookings and adjusted EBITDA in the first quarter, highlighting growing market traction of both of our product groups," said Germain Lamonde, EXFO's Chairman, President and CEO. "I am particularly pleased with robust results from our optical and high-speed transport businesses, where we are gaining market share and taking advantage of the 100G investment cycle in long-haul networks, Metro links and data centers. We also benefited from calendar year-end purchases by some communications service providers and early returns from our industry-only, all-in-one optical RF analyzer for mobile network operators. We remain fully confident about achieving our adjusted EBITDA goal of US$26 million in 2017."

For earnings history and earnings-related data on EXFO, Inc. (EXFO) click here.

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