Dionex Corp. (DNEX) posted second quarter net income of $16.6 million or $0.92 per share, compared to $17.0 million or $0.93 per share in the previous year quarter.
On average, four analysts polled by Thomson Reuters expected the company to report earnings of $0.88 per share. Analysts' estimates typically exclude special items.
Net income for the second quarter of fiscal 2010 included a one-time charge of approximately $700,000, net of tax, related to the write-up of inventory in the acquisition of the ESA business and a discrete tax benefit of approximately $900,000 related to a favorable tax audit outcome.
Sales for the quarter were $109.2 million, compared to $103.0 million in the same quarter last year. Three Wall Street analysts expected revenues of $108.90 million.
Looking forward, for the third quarter, the company expects net sales in the range of $109-$113 million and earnings per share in the range of $0.90-$0.93 per share.
Street analysts expect earnings of $0.86 per share on revenues of $105.98 million for the first quarter.
For the full year 2010, the company now expects sales in the range of $413-$420 million and earnings per share in the range of $3.15-$3.23. Previously, the company estimated sales in the range of $385 million-$393 million and earnings per share in the range of $3.01-$3.10.
Street analysts expect earnings of $3.20 per share on revenues of $413.43 million for the full-year.
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