SMTC Corp. (SMTX) Reports Q2 EPS of $0.06

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Go back to SMTC Corp. (SMTX) Reports Q2 EPS of $0.06

SMTC Reports Second Quarter Results

July 28, 2015 5:30 PM EDT

Reports revenue of $57.7 million, compared to $58.0 million in the prior year and an increase of 19% vs. the first quarter of 2015. Reports gross profit of 9.4% compared to 10.1% in the prior year. When excluding the effects of the unrealized portion of foreign exchange on derivative financial instruments, adjusted gross profit was 8.0% compared to 8.6% in the prior year.  Also included in gross profit was a realized foreign exchange loss on derivative instruments of $1.0 million compared to a loss of $0.3 million in the prior year Reports net earnings of $1.0 million compared to net earnings of $0.1 million in the prior year, reflecting continued... More