LTX-Credence (LTXC) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of ($0.10)-(0.05) for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.03. The company issued revenue guidance of $35-40 million, compared to the consensus revenue estimate of $43.60 million.
Shares of LTX-Credence (LTXC) opened at 6.30 on Wednesday. LTX-Credence (LTXC) has a 52 week low of $5.05 and a 52 week high of $7.30. The stock’s 50-day moving average is currently $6.38. The company’s market cap is $298.4 million.
LTX-Credence last announced its earnings results on Wednesday, February 27th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.03. The company had revenue of $35.02 million for the quarter, compared to the consensus estimate of $38.42 million. During the same quarter last year, the company posted ($0.20) earnings per share. LTX-Credence’s revenue was up 45.4% compared to the same quarter last year. LTX-Credence has set its Q3 guidance at ($0.10)-(0.05) EPS. Analysts expect that LTX-Credence (LTXC) will post $0.16 EPS for the current fiscal year.
On a related note, analysts at DA Davidson reiterated a buy rating on shares of LTX-Credence in a research note to investors on Monday.
LTX-Credence Corporation (LTX-Credence) provides focused, automated test equipment (ATE) solutions. It designs, manufactures, markets and services ATE solutions that address the test requirements of the wireless, computing, automotive and digital consumer market segments.
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