Aeroflex Holding Earnings: Everything You Must Know Now

Aeroflex Holding Corp. (NYSE:ARX) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Aeroflex Holding Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 17.39% to $0.27 in the quarter versus EPS of $0.23 in the year-earlier quarter.

Revenue: Rose 2.2% to $188.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Aeroflex Holding Corp. reported adjusted EPS income of $0.27 per share. By that measure, the company beat the mean analyst estimate of $0.23. It beat the average revenue estimate of $180.4 million.

Quoting Management: “Fiscal 2013 was a year of change and better execution at Aeroflex. We made significant operational changes throughout the entire organization by restructuring and consolidating activities, primarily in our ATS AVComm and Wireless businesses. These changes have positioned us to drive growth and increase profitability while we continue to invest in our future,” stated Len Borow, Chief Executive Officer of Aeroflex. “Our core businesses drove our strong sales and profitability this past quarter, giving us confidence that we can continue to perform in fiscal 2014. We are still operating in a challenging environment, but the need for our products across all of our commercial, aerospace and defense markets is critical to the success of our customers.”

Key Stats (on next page)…

Revenue increased 17.3% from $160.95 million in the previous quarter. EPS increased 125% from $0.12 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.07 to a profit $0.06. For the current year, the average estimate has moved up from a profit of $0.47 to a profit of $0.48 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]