SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMC NEWS

TMCNET eNEWSLETTER SIGNUP

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

[ Back To TMCnet.com's Homepage ]






Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2016 Technology Marketing Corporation. All rights reserved | Privacy Policy