Radisys Reports First Quarter 2016 Results
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Radisys Corp (RSYS) Tops Q1 EPS by 3c; Issues Solid Outlook
May 3, 2016 4:16 PM EDTRadisys Corp (NASDAQ: RSYS) reported Q1 EPS of $0.05, $0.03 better than the analyst estimate of $0.02. Revenue for the quarter came in at $55.1 million versus the consensus estimate of $50.32 million.
GUIDANCE:
Radisys Corp sees FY2016 EPS of $0.22-$0.28, versus the consensus of $0.25. Radisys Corp sees FY2016 revenue of $195-215 million, versus the consensus of $186.33 million.
We had a strong start to 2016 with first quarter revenue of $55.1 million, exceeding the high-end of our guidance range of $49 to $52 million, said Brian Bronson, Radisys President and Chief Executive Officer. We continue to gain momentum... More
