EXFO, Inc. (EXFO) Reports Q1 Loss of $0.14, Revenues Beat; Offers 2Q EPS/Revenues Outlook

EXFO, Inc. (NASDAQ: EXFO) reported Q1 EPS of ($0.14), versus $0.04 reported last year. Revenue for the quarter came in at $69.2 million versus the consensus estimate of $68.67 million.

"EXFO delivered solid results in the first quarter of 2019 with revenue above the midpoint of our guidance range, while benefitting from robust calendar year-end spending for our T&M solutions to achieve the second-highest bookings level in company history," said EXFO's CEO Philippe Morin. "Our announced strategic transformation, focused on heightened efficiency and profitability, is progressing according to plan and should be completed by the end of the second quarter. This new structure is starting to pay off internally, but also externally with a better value proposition and more relevant engagement with SASS customers as reflected by a US$4.9 million contract win for real-time active topology software with a tier-1 service provider after the quarter-end."

GUIDANCE:

EXFO, Inc. sees Q2 2018 EPS of $0.05-$0.09, versus the consensus of $0.05. EXFO, Inc. sees Q2 2018 revenue of $70-75 million, versus the consensus of $73.82 million.

For earnings history and earnings-related data on EXFO, Inc. (EXFO) click here.

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