Anaren Earnings: Here’s Why Investors Don’t Like These Results

Anaren Inc. (NASDAQ:ANEN) 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. Shares are down 0.76%.

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Anaren Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 147.37% to $0.47 in the quarter versus EPS of $0.19 in the year-earlier quarter.

Revenue: Rose 12.33% to $39 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Anaren Inc. reported adjusted EPS income of $0.47 per share. By that measure, the company beat the mean analyst estimate of $0.4. It beat the average revenue estimate of $38.9 million.

Quoting Management: Lawrence A. Sala, Anaren’s Chairman, President and CEO, said, “The growth in net sales and improved profitability for the quarter was driven by both the Space & Defense and Wireless Groups. The Space & Defense Group business is benefiting from improved operational execution and a growing percentage of Space related business.”

Key Stats (on next page)…

Revenue increased 2.63% from $38 million in the previous quarter. EPS increased 42.42% from $0.33 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.34 to a profit $0.35. For the current year, the average estimate has moved up from a profit of $1.23 to a profit of $1.35 over the last ninety days.

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