Xcerra Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended October 31, 2016; Provides Earnings Guidance for the Second Fiscal Quarter Ending January 31, 2017
December 01, 2016 at 06:55 am EST
Xcerra Corporation reported unaudited consolidated earnings results for the first quarter ended October 31, 2016. For the quarter, net sales were $80,085,000 against $78,401,000 a year ago. Income from continuing operations was $306,000 against loss of $1,430,000 a year ago. Income from continuing operations before provision for income taxes was $626,000 against $33,000 a year ago. Income from continuing operations was $18,000 against loss of $878,000 a year ago. Net income was $18,000 against loss of $1,666,000 a year ago. Non-GAAP net income was $315,000 or $0.01 per basic and diluted share against loss of $331,000 or $0.01 per basic and diluted share a year ago.
For the fiscal quarter ending January 31, 2017, net sales are expected to be in the range of $77 million to $81 million. Non-GAAP net loss for the quarter is expected to be in the range of $0.04 to $0.00 per share, assuming 54 million shares outstanding. The non-GAAP net loss guidance excludes amortization of purchased intangible assets of approximately $0.2 million.