Cascade Microtech, Inc. (CSCD) Tops Q2 EPS by 2c

Cascade Microtech, Inc. (NASDAQ: CSCD) reported Q2 EPS of $0.19, $0.02 better than the analyst estimate of $0.17. Revenue for the quarter came in at $36 million versus the consensus estimate of $35.6 million.

Cascade Microtech, Inc. sees FY2015 EPS of $0.17-$0.23. Cascade Microtech, Inc. sees FY2015 revenue of $35-39 million.

"Cascade Microtech's quarterly revenue grew by 13.6% for Q2 compared with Q1 of 2015,driven by both our Systems and Probes segments, with our Probes segment setting a new all-time revenue record," said Michael Burger, President and CEO. Mr. Burger continued, "Company-wide gross margins also set a new record of 55.6%, which exceeds our recently adopted Success Model for this metric, and reflects the leverage capability in the business. Our expanding gross profit exceeded our increased investment in new product development, which generated an EPS that came in near the upper end of our guidance range. We posted a book-to-bill ratio of 1.21 as each of our segments were greater than 1 for the quarter, which drove an all-time record backlog for the company." Mr. Burger concluded by stating, "We are very pleased with the results of Q2 and remain optimistic about the balance of 2015 as our Probe products continue to gain market share and we are seeing continued acceleration in our Systems business."

For earnings history and earnings-related data on Cascade Microtech, Inc. (CSCD) click here.

You May Also Be Interested In

• IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
• Berenberg Starts Lloyds TSB Group (LYG) at Hold, 'shares are fairly valued'
• Teck Resources (TECK) Misses Q1 EPS by 15c; reaffirms FY guidance