Satellite Technology News

powered by google

Satellite Spotlight:  

Satellite Technology RSS Feed
Share

TMCNet:  Anaren Financials Mixed; Guidance Positive

[February 01, 2013]

Anaren Financials Mixed; Guidance Positive

(FinancialWire via COMTEX) -- February 1, 2013 (FinancialWire) -- Communications components and systems manufacturer Anaren Inc. (NASDAQ: ANEN) recently reported fiscal second quarter earnings of $0.33 per share, excluding non-recurring items, which was $0.08 better than the market consensus estimate of $0.25. Reported revenues rose 6.4% year-over-year to $38 million, versus the higher $39.02 million market higher.

The company issued guidance for Q3, seeing EPS of $0.34 to $0.42, excluding non-recurring items, versus the $0.25 per share market estimate. Anaren also said it anticipates Q3 revs of $37 million to $41 million, versus the $39.02 million market consensus.

Company officials commented, "We are very pleased with the significant improvement in operating profitability resulting from a favorable product mix, operational efficiencies, and cost reductions as we exceeded our 15% non-GAAP operating profit target. While sales levels were down 2.7% sequentially, profitability improved in both of our business segments and we continue to focus on operating efficiency given the uncertainty in both defense and wireless infrastructure spending." Anaren Inc. (approx market cap. US$ 251.6 mil.) engages in the design, development and manufacture of components, assemblies and subsystems primarily for the wireless communications, satellite communications and space and defense electronics markets worldwide. The company was founded in 1967 and is headquartered in East Syracuse, New York. Anaren employs approximately 862 people.

========= ANEN stock info: Last quote at close: $19.57 Last close vs. 50-day moving avg.: +0.8% Last close vs. 200-day moving avg.: +0.9% Last close vs. 52-wk high: -6.2% 3-mo. avg. daily volume: 34,208 shares Approx. avg. daily money volume: $663,977 ========= INDEPENDENT EQUITY RESEARCH for companies mentioned in the news is available through the Investrend Research Syndicate (at http://www.investrend.com/research/resources/).

Free ANNUAL REPORTS and COMPANY FILINGS for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/ level=279).

========= FIRSTALERT(tm), an adjunct dissemination of FinancialWire(tm), provides news summaries, special commentary and insight, as well as daily and weekly digests to the financial community.

========= FINANCIALWIRE(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation from subject companies, associated entities or individuals for its news, opinions or distributions. Contact FinancialWire(tm) directly via the FinancialWire(tm) website (at http://www.financialwire.net/contact/). Copyright (C) MMXII, FinancialWire(tm); All rights reserved.

========= Stocks: Anaren Incorporated (NASDAQ: ANEN) ========= http://www.financialwire.net

[ Satellite Spotlight's Homepage ]


blog comments powered by Disqus

FREE Satellite eNewsletter

Subscribe to our free weekly Satellite Spotlight eNewsletter!

Get the latest expert news, reviews & resources. Tailored specifically for Satellite Technology and Communications.

Satellite Technology White Papers

Innovative Features Mean Major Savings for Cellular Operators Using Satellite Backhaul
With the rising cost of satellite bandwidth and the need for more of it to support an ever increasing number of voice, data and now video services, operators must seek ways to reduce both their hardware investment costs and operating expenses, especially when fierce competition forces them to provide these new services without raising their rates.

Satellite Technology Features