Symmetricom (SYMM) Warns for Q2
Tweet
Share
E-mailGet Alerts SYMM Hot Sheet
Price: $7.18 --0%
Financial Fact:
Total cost of sales: 27.58M
Today's EPS Names:
OCCI, IPX, ALZN, More
Financial Fact:
Total cost of sales: 27.58M
Today's EPS Names:
OCCI, IPX, ALZN, More
Join SI Premium – FREE
Symmetricom, Inc. (NASDAQ: SYMM) lowers Q2 guidance.
Second quarter revenue is expected to range from $46.0 to $49.0 million, a revision from previous revenue guidance of $55.0 to $62.0 million and the consensus of $58 million. The company expects a GAAP loss for the second quarter of fiscal 2013 in the range of $(0.11) to $(0.05) per share and non-GAAP loss in the range of $(0.05) to $(0.01) per share versus the consensus of a $0.07 profit.
his decrease is due primarily to lower than expected revenue in two areas: U.S. government and domestic communications service provider spending. Purchases of Symmetricom products by U.S. government customers declined further in the second quarter. In addition, wireline-related purchases by communications service providers have been soft, most notably in the United States. Partially offsetting this weakness in the quarter is continued strength in shipments of the company's QuantumTM SA.45s Chip Scale Atomic Clock (CSAC), a key growth initiative for the company.
Second quarter revenue is expected to range from $46.0 to $49.0 million, a revision from previous revenue guidance of $55.0 to $62.0 million and the consensus of $58 million. The company expects a GAAP loss for the second quarter of fiscal 2013 in the range of $(0.11) to $(0.05) per share and non-GAAP loss in the range of $(0.05) to $(0.01) per share versus the consensus of a $0.07 profit.
his decrease is due primarily to lower than expected revenue in two areas: U.S. government and domestic communications service provider spending. Purchases of Symmetricom products by U.S. government customers declined further in the second quarter. In addition, wireline-related purchases by communications service providers have been soft, most notably in the United States. Partially offsetting this weakness in the quarter is continued strength in shipments of the company's QuantumTM SA.45s Chip Scale Atomic Clock (CSAC), a key growth initiative for the company.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- SYNNEX Corp. (SNX) Tops Q3 EPS by $1.04, Beats on Revenue; Offers Q4 Guidance
- Paychex (PAYX) Tops Q1 EPS by 2c
- Cracker Barrel (CBRL) Tops Q4 EPS by 89c, Offers Guidance
Create E-mail Alert Related Categories
GuidanceSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
