Newport Corp (NEWP) Tops Q2 EPS by 13c

Newport Corp (NASDAQ: NEWP) reported Q2 EPS of $0.34, $0.13 better than the analyst estimate of $0.21. Revenue for the quarter came in at $153.2 million versus the consensus estimate of $150.07 million.

Commenting on the results, Robert J. Phillippy, Newport's President and Chief Executive Officer, stated, "Newport delivered strong financial results in the second quarter, with sales increasing 4.3% sequentially and 14.2% on a year-over-year basis. We were able to leverage this sales growth into a 70% year-over-year increase in non-GAAP earnings per diluted share. We also continued to generate strong cash flows from operations, and our new orders increased both sequentially and year-over-year. In the first half of 2014, we increased our sales by 12.5%, and our non-GAAP earnings per diluted share by 77.1%, compared with the first half of 2013."

For earnings history and earnings-related data on Newport Corp (NEWP) click here.

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