Newport Corp (NEWP) Tops Q1 EPS by 12c

Newport Corp (NASDAQ: NEWP) reported Q1 EPS of $0.36, $0.12 better than the analyst estimate of $0.24. Revenue for the quarter came in at $156.7 million versus the consensus estimate of $151.8 million.

Financial Outlook

Commenting on Newport's full year outlook, Mr. Phillippy said, "We are encouraged by our first quarter performance, and expect to have record sales and non-GAAP net income again in 2015. Our business and the end markets we serve are well balanced, and although conditions in these markets vary, we are confident that Newport's overall trajectory is very positive. We will continue to efficiently allocate our capital to increase our earnings per share through accretive, strategic acquisitions, share buybacks and debt reductions."

Commenting specifically on the second quarter of 2015, Mr. Phillippy added, "In the second quarter, we expect our sales to increase year-over-year once again, despite the anticipated unfavorable impact of foreign exchange rates, to between $154 million and $161 million, and we expect to again achieve year-over-year increases in non-GAAP operating income and non-GAAP earnings per diluted share."

For earnings history and earnings-related data on Newport Corp (NEWP) click here.

You May Also Be Interested In

• Lockheed Martin (LMT) Tops Q1 EPS by 53c, Beats on Revenue; Offers FY24 Guidance
• Philip Morris International (PM) Tops Q1 EPS by 9c; raises guidance
• Dime Community Bancshares (DCOM) Tops Q1 EPS by 1c