FEI Earnings: Everything You Must Know Now

FEI Co. (NASDAQ:FEIC) 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.

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FEI Co. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 3.17% to $0.65 in the quarter versus EPS of $0.63 in the year-earlier quarter.

Revenue: Rose 1.67% to $221.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: FEI Co. reported adjusted EPS income of $0.65 per share. By that measure, the company beat the mean analyst estimate of $0.63. It beat the average revenue estimate of $220.89 million.

Quoting Management: “Bookings, revenue, EPS and operating cash flow all set first-quarter records,” commented Don Kania, president and CEO. “Science Group revenue was up 15% from last year’s first quarter, driven by strong demand outside the U.S. Industry Group revenue declined 11% from last year’s first quarter and increased as expected from the fourth quarter, as the semiconductor equipment business improves. We expect continued sequential growth in 2013. Gross margin increased 130 basis points from the first quarter a year ago, despite the negative impact of a weaker Japanese Yen.”

Key Stats (on next page)…

Revenue decreased 4.22% from $230.95 million in the previous quarter. EPS decreased 9.72% from $0.72 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 $0.76 to a profit $0.73. For the current year, the average estimate has moved down from a profit of $3.13 to a profit of $3.11 over the last ninety days.

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

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