EXFO Inc. (EXFO,EXF.TO: Quote) announced preliminary financial results for the third quarter ended May 31, 2012.
Revenue for the third quarter of fiscal 2012 is expected to be around US$60.0 million compared to previous guidance of US$68.0 million to US$73.0 million.
Given the lower-than-anticipated revenue level for the third quarter of 2012, EXFO's gross margin will be negatively affected and IFRS net earnings will end below the company's initial outlook of US$0.01 to US$0.05 per share.
Analysts polled by Thomson Reuters expected the company to report earnings of US$0.08 per share on revenues of US$70.19 million for the third-quarter. Analysts' estimates typically exclude special items.
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by RTT Staff Writer
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