Xcerra (XCRA) Lowers Q4 Revenue Guidance

June 18, 2015 10:22 AM EDT

Xcerra Corporation (Nasdaq: XCRA), today announced an update to its previously announced guidance for the Company's fourth fiscal quarter ending July 31, 2015. Due to the potential sale of the Company's semiconductor test interface board business based in Santa Clara, CA (the "Interface Board Business") pursuant to a non-binding letter of intent as described in a prior announcement, the Interface Board Business will be treated as a discontinued operation. Accordingly, the Company is hereby revising its fourth quarter fiscal 2015 guidance, which no longer includes the financial performance of the Interface Board Business, as follows:

Q4FY15PreviousRevised
Revenues$110M - $115M$101M - $105M
Gross Margin41%44%
Non-GAAP Net Income*$0.11 - $0.16$0.12 - $0.16

(Streets sees Q4 EPS of $0.13 on revenue of $112 million.)

* Non-GAAP net income guidance excludes discontinued operations, amortization of purchased intangible assets of approximately $450,000, and assumes 55 million fully diluted shares outstanding



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