Xcerra (XCRA) Reports Q2 EPS of $0.19
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Xcerra Corporation and Hubei Xinyan Equity Investment Partnership Announce Withdrawal of CFIUS Application and Termination of Merger Agreement
February 22, 2018 4:30 PM ESTNORWOOD, Mass., Feb. 22, 2018 (GLOBE NEWSWIRE) -- Xcerra (Nasdaq: XCRA) and Hubei Xinyan Equity Investment Partnership today announced that they have mutually agreed to withdraw their joint voluntary filing to the Committee on Foreign Investment in the United States (CFIUS) in relation to their proposed transaction and have terminated their merger agreement.
We believe that our transaction with Xinyan was in the best interests of our shareholders, our customers, and our employees. Despite our best efforts to secure approval, it has become evident that CFIUS will not... More
Xcerra Announces Second Quarter Results
February 22, 2018 4:30 PM ESTSecond Fiscal Quarter Notables:
Second quarter sales of $110.3 millionGAAP net income of $7.9 million or $0.14 per diluted shareNon-GAAP net income of $10.6 million or $0.19 per diluted shareRecord sales and earnings for a second fiscal quarterNORWOOD, Mass., Feb. 22, 2018 (GLOBE NEWSWIRE) -- Xcerra Corporation (NASDAQ: XCRA) today announced financial results for its second fiscal quarter ended January 31, 2018.
Net sales for the quarter were $110,276,000 compared to the prior quarters net sales of $120,286,000. GAAP net income for the quarter was $7,931,000,... More
