Synergetics (SURG) Sees Q3 EPS, Revs Coming in Below Views
Tweet Send to a FriendGet Alerts SURG Hot Sheet
Trade SURG Now!
Synergetics USA, Inc. (Nasdaq: SURG), announced preliminary revenues and financial results for third quarter 2012 in advance of its upcoming participation in two investor conferences.
The Company expects net sales for the third quarter of fiscal 2012 to approximate $14.4 million to $14.7 million, slightly below sales of $14.7 million which was reported in the fiscal 2011 third quarter. The Street sees revs of $16.25 million.
The Company expects to report net income per share of approximately $0.04 to $0.06 before the effect of an inventory write-down adjustment which occurred during the third fiscal quarter of approximately $400,000, or approximately $0.01 per share after tax. This net income before adjusting for the inventory write-down compares against net income per share of $0.07 in the prior year's third quarter.
The Street was expecting 9 cents per share.
For the fiscal 2012 third quarter, the Company expects Ophthalmic sales to be in the range of $8.3 million to $8.5 million for a decrease of approximately 9% from the fiscal 2011 third quarter. OEM sales are expected to total $5.9 million to $6.0 million, up approximately 17% from the comparable prior year period. Other revenue is expected to be approximately $200,000. On a geographic basis, U.S. sales overall grew roughly 9% while international sales declined approximately 21%.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
The Company expects net sales for the third quarter of fiscal 2012 to approximate $14.4 million to $14.7 million, slightly below sales of $14.7 million which was reported in the fiscal 2011 third quarter. The Street sees revs of $16.25 million.
The Company expects to report net income per share of approximately $0.04 to $0.06 before the effect of an inventory write-down adjustment which occurred during the third fiscal quarter of approximately $400,000, or approximately $0.01 per share after tax. This net income before adjusting for the inventory write-down compares against net income per share of $0.07 in the prior year's third quarter.
The Street was expecting 9 cents per share.
For the fiscal 2012 third quarter, the Company expects Ophthalmic sales to be in the range of $8.3 million to $8.5 million for a decrease of approximately 9% from the fiscal 2011 third quarter. OEM sales are expected to total $5.9 million to $6.0 million, up approximately 17% from the comparable prior year period. Other revenue is expected to be approximately $200,000. On a geographic basis, U.S. sales overall grew roughly 9% while international sales declined approximately 21%.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Abercrombie & Fitch Co. (ANF) Misses Q1 EPS by 4c; Guides FY Below Views
- Taomee Holdings Ltd. (TAOM) Misses Q1 EPS by 2c; Guides Q2 Sales
- Gordmans Stores, Inc. (GMAN) Tops Q1 EPS Views; Issues Light Q2 Outlook
Create E-mail Alert Related Categories
Guidance, Hot GuidanceRelated Entities
Earnings
Login with Facebook
Sign 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!
