Anaren Earnings: Here’s Why Investors Like These Results

Anaren Inc. (NASDAQ:ANEN) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.59%.

Anaren Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 15.38% to $0.3 in the quarter versus EPS of $0.26 in the year-earlier quarter.

Revenue: Rose 10.82% to $42.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Anaren Inc. reported adjusted EPS income of $0.3 per share. By that measure, the company missed the mean analyst estimate of $0.31. It beat the average revenue estimate of $38.84 million.

Quoting Management: Lawrence A. Sala, Anaren’s Chairman, President and CEO said, “The growth in net sales for the quarter was driven by both the Space & Defense and Wireless Groups. The Space & Defense Group business is benefiting from a growing percentage of Space related business and increasing demand for radar related technology. Wireless demand improved during the quarter and customer forecasts indicate strengthening worldwide demand for cellular infrastructure equipment. For the year, GAAP net income increased 75% on 7.5% growth in net sales and we believe that we are well positioned for continued growth and improved profitability in fiscal 2014.”

Key Stats (on next page)…

Revenue increased 8.55% from $38.97 million in the previous quarter. EPS decreased 36.17% from $0.47 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 $0.32 to a profit $0.33. For the current year, the average estimate is a profit of $1.38, which is the same with that ninety days ago.

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