Neptune (NEPT) Sees Q213 Sales Ahead of Views
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Neptune Technologies & Bioressources Inc. (Nasdaq: NEPT) provided revenue guidance for the second quarter of Fiscal 2013 ended August 31, 2012.
Neptune management is confident that second quarter revenues will be in the range of $7.5 million to $8 million compared to $4.3 million for the second quarter ended August 31, 2011. This represents an increase of 72% to 84%.
The Street was looking for sales of $6.30 million.
First half revenues for Fiscal 2013 will be in the range of $13.6 million to $14.1 million compared to $8.6 million in revenues reported for the first half of Fiscal 2012.
Neptune management is confident that second quarter revenues will be in the range of $7.5 million to $8 million compared to $4.3 million for the second quarter ended August 31, 2011. This represents an increase of 72% to 84%.
The Street was looking for sales of $6.30 million.
First half revenues for Fiscal 2013 will be in the range of $13.6 million to $14.1 million compared to $8.6 million in revenues reported for the first half of Fiscal 2012.
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