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EXFO announces preliminary GAAP EPS of USD0.00 to USD0.01 in Q1 2010

Posted on: Tue, 01 Dec 2009 04:56:00 EST

Symbols: EXFO, EXF

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Dec 01, 2009 (M2 EQUITYBITES via COMTEX) --
EXFO | Quote | Chart | News | PowerRating -- Provider of test and service assurance solutions for network operators
and equipment manufacturers EXFO Electro-Optical Engineering Inc
(Nasdaq:EXFO)(TSX: EXF | Quote | Chart | News | PowerRating) on Monday announced that it expects diluted
GAAP net earnings of USD0.00 to USD0.01 for the first quarter of fiscal
2010, ended 30 November 2009.

This is reportedly as a result of stronger-than-anticipated USD as
compared with CAD, and higher sales volume.

The previous forecast was a GAAP net loss between USD0.06 to USD0.02
per share for Q1 2010, partially based on an anticipated pre-tax,
foreign exchange loss of USD0.03 per share to account for the
significant weakness of the USD in the days preceding the issuing the
guidance.

Also, EXFO anticipates that revenues will decrease between USD45m and
USD46m for the quarter, which is slightly above the USD40m to USD45m
guidance range, as a result of stronger bookings than expected.

The company's book-to-bill ratio is expected to be above one for the
quarter.

EXFO is expected to announce its complete results for the first quarter
of fiscal 2010 after the close of markets on 12 January 2010.

Comments on this story may be sent to admin@m2.com

For full details on Exfo Electro-Optical Eng (EXFO) EXFO. Exfo Electro-Optical Eng (EXFO) has Short Term PowerRatings at TradingMarkets. Details on Exfo Electro-Optical Eng (EXFO) Short Term PowerRatings is available at This Link.

For full details on (EXF) EXF. (EXF) has Short Term PowerRatings at TradingMarkets. Details on (EXF) Short Term PowerRatings is available at This Link.

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