Fluidigm (FLDM) Misses Q2 EPS by 5c; Updates FY15 Outlook
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Fluidigm (NASDAQ: FLDM) reported Q2 EPS of ($0.53), $0.05 worse than the analyst estimate of ($0.48). Revenue for the quarter came in at $28.6 million versus the consensus estimate of $30.43 million.
Financial Outlook
Fluidigm is projecting total revenue to be between $110 million and $115 million versus prior guidance of between $133 million and $143 million. 2015 revenue projections incorporate an estimated negative currency related impact of approximately 4 to 5 percent at the midpoint of the range.
The Company now projects 2015 operating expenses on a GAAP basis to be between $123 and $128 million versus prior guidance of between $129 and $134 million. Non-GAAP operating expenses, excluding approximately $17 million of estimated stock-based compensation expense, and $5 million of estimated depreciation and amortization expense, is expected to be between $101 million and $106 million, compared to prior guidance of between $105 and $110 million (also, see accompanying table for reconciliation of GAAP and non-GAAP operating expenses for the second quarter results of 2015 and 2014). Interest expense is projected to be approximately $6 million and capital spending is projected to be between $6 and $8 million versus prior guidance of between $6 and $9 million.
For earnings history and earnings-related data on Fluidigm (FLDM) click here.
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