AP NEWS

Exfo: Fiscal 3Q Earnings Snapshot

July 10, 2019

QUEBEC CITY (AP) _ Exfo Inc. (EXFO) on Wednesday reported fiscal third-quarter net income of $21,000, after reporting a loss in the same period a year earlier.

On a per-share basis, the Quebec City-based company said it had net income of less than 1 cent. Earnings, adjusted for amortization costs and non-recurring costs, came to 4 cents per share.

The telecommunications testing company posted revenue of $73.6 million in the period.

For the current quarter ending in August, Exfo said it expects revenue in the range of $66 million to $71 million.

In the final minutes of trading on Wednesday, the company’s shares hit $3.90. A year ago, they were trading at $3.50.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EXFO at https://www.zacks.com/ap/EXFO

All contents © copyright 2019 The Associated Press. All rights reserved.