Sparton Corp. (SPA) Misses Q1 EPS by 6c, Maintains Guidance
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Price: $18.51 --0%
Financial Fact:
Total operating expense, net: 15.95M
Today's EPS Names:
SEIC, OSBC, USAP, More
Financial Fact:
Total operating expense, net: 15.95M
Today's EPS Names:
SEIC, OSBC, USAP, More
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Sparton Corp. (NYSE: SPA) reported Q1 EPS of $0.09, $0.06 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $49 million versus the consensus estimate of $52.8 million.
Outlook
Sparton President and CEO Cary Wood concluded, “We remain optimistic for fiscal 2013 and continue to expect year-over-year increases in both revenue and profitability. Also, we maintain guidance that the second half of fiscal 2013 will be stronger than the first half as seen in the previous two fiscal years. As stated in the form 10-Q, we have just recently signed a definitive Unit Purchase Agreement to acquire Onyx EMS, with details being covered under a separate release. We are excited with the addition of Onyx to the Sparton family and I look forward to reporting on its successful integration and the progress with our other growth initiatives in the future.”
For earnings history and earnings-related data on Sparton Corp. (SPA) click here.
Outlook
Sparton President and CEO Cary Wood concluded, “We remain optimistic for fiscal 2013 and continue to expect year-over-year increases in both revenue and profitability. Also, we maintain guidance that the second half of fiscal 2013 will be stronger than the first half as seen in the previous two fiscal years. As stated in the form 10-Q, we have just recently signed a definitive Unit Purchase Agreement to acquire Onyx EMS, with details being covered under a separate release. We are excited with the addition of Onyx to the Sparton family and I look forward to reporting on its successful integration and the progress with our other growth initiatives in the future.”
For earnings history and earnings-related data on Sparton Corp. (SPA) click here.
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