** before earnings **
** charts after earnings **
Acacia Communications beats by $0.03, misses on revs; guides Q1 EPS below consensus, revs below consensus
- Reports Q4 (Dec) earnings of $0.27 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus of $0.24; revenues fell 39.2% year/year to $86.60 mln vs the $88.41 mln Capital IQ Consensus.
- Co issues downside guidance for Q1, sees EPS of $0.01-0.10, excluding non-recurring items, vs. $0.28 Capital IQ Consensus Estimate; sees Q1 revs of $67-74 mln vs. $93.21 mln Capital IQ Consensus Estimate.
- "While we continue to face some headwinds in the market, our fourth quarter 2017 results were in-line with our expectations,...Our team at Acacia continued to execute well on new product introductions and on our ongoing customer diversification efforts. We are pleased with our product roadmap and believe we are well positioned to take advantage of market opportunities as conditions improve."
- "While we are projecting first quarter 2018 revenue to be down sequentially, like others in our industry, we see signs of improving market conditions in 2018, although we continue to remain cautious."
No comments:
Post a Comment