EXFO, Inc. (EXFO) Tops Q2 EPS by 4c, Revenues Beat; Offers 3Q EPS Guidance Above Consensus

EXFO, Inc. (NASDAQ: EXFO) reported Q2 EPS of $0.09, $0.04 better than the analyst estimate of $0.05. Revenue for the quarter came in at $73.9 million versus the consensus estimate of $72.76 million.

• Sales increased 14.2% to US$73.9 million, high end of guidance range
• Bookings improved 16.0% to US$76.1 million, book-to-bill ratio of 1.03
• IFRS net earnings reached US$5.2 million, US$0.09 per share
• Adjusted EBITDA totaled US$8.8 million, 11.9% of sales
• Cash flows from operations surged to US$18.7 million

"EXFO delivered outstanding second quarter results with strong revenue and bookings growth, profitability and cash flow generation—all encouraging signs for our T&M and SASS product families and the leverage in our operating model," said EXFO's CEO Philippe Morin. "Our unique value propositions resonated very well with industry executives at Mobile World Congress and Optical Fiber Conference, as our solutions enable fiber buildouts deep into the network edge, 5G wireless deployments and network virtualization. Clearly, EXFO is on track with its profitable growth strategy amid a rapidly transforming industry."

GUIDANCE:

EXFO, Inc. sees Q3 2019 EPS of ($0.04)-$0.00, versus the consensus of $0.07. EXFO, Inc. sees Q3 2019 revenue of $70-75 million, versus the consensus of $73.66 million.

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

You May Also Be Interested In

• American Express (AXP) down despite beating Q1 estimates on top and bottom lines
• Benchmark on Take-Two's (TTWO) GTV 6 Release: 'we anticipate that the game will not be released within the fiscal year and expect it to launch in fiscal 2026 instead'
• BancFirst Corp. (BANF) Tops Q1 EPS by 11c