Planar Systems (PLNR) Tops Q3 EPS by 2c, Offers Q4 & FY Guidance

Planar Systems (NASDAQ: PLNR) reported Q3 EPS of $0.02, $0.02 better than the analyst estimate of $0.00. Revenue for the quarter came in at $42.5 million versus the consensus estimate of $43.66 million.

Financial Outlook

“Looking ahead, fiscal 2015 remains on track to be a year of significant profit improvement, with the growth in Digital Signage revenue supporting improved profitability,” said Perkel. “We expect our expanding product portfolio and strong sales pipeline to drive further improvement in fiscal 2016.”

Given the company’s current orders and sales pipeline, management expects fiscal fourth quarter 2015 revenue to be between $49 million and $51 million, and non-GAAP net income is expected to range between $0.10 and $0.12 per diluted share. For the full fiscal year 2015, revenue is expected to be between $196 million and $198 million, which would represent an increase of 10% to 11% compared to fiscal 2014. Non-GAAP net income for fiscal 2015 is expected to range between $0.37 and $0.39 per diluted share, which would represent an increase of 37% to 44% compared to $0.27 per diluted share in fiscal 2014.

(Street sees Q4 EPS of 9 cents on revenue of $50 million, FY EPS of 34 cents on revenue of $198.5 million)

For earnings history and earnings-related data on Planar Systems (PLNR) click here.

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