Needham & Company Maintain Bullish Views for Newport (NEWP) After 1Q
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Newport Corporation Reports First Quarter 2015 Results
May 6, 2015 4:06 PM EDTIRVINE, Calif., May 6, 2015 /PRNewswire/ -- Newport Corporation (NASDAQ: NEWP) today reported financial results for its first quarter ended April 4, 2015, and its outlook for the second quarter and full year of 2015. The company noted the following regarding the first quarter results:
Net sales of $156.7 million and new orders of $154.6 million; Net income of $8.7 million, or $0.21 per diluted share, when measured according to generally accepted accounting principles (GAAP); Non-GAAP net income of $14.6 million, or $0.36 per diluted share, excluding the amortization of intangible assets, stock-based compensation expense,... More