For those who might give up on Camping pulled this off the CAMP thread.
To: michael_pdx who wrote (2185)
From: 2MAR$ Friday, Jul 14, 2000 8:03 PM ET
Reply # of 2187
(REUTERS) Calif. Amplifier comfortable with fiscal Q2 estimate
CAMARILLO, Calif., July 14 (Reuters) - California Amplifier
Inc. <CAMP.O>, a maker of microwave amplifiers used mostly in
in satellite and broadband applications, said on Friday it is
"comfortable" with analysts earnings estimates for its fiscal
second quarter ending in August.
"There were some rumors that we would miss the quarter, but
we are comfortable with the consensus EPS estimate of 16 cents
a share and revenues of about $34 million," Michael Ferron, the
Carmarillo, Calif.-based company's chief financial officer,
said. Analysts surveyed by First Call/Thomson Financial expect
the company to earn 16 cents a share in the current quarter.
Ferron also dismissed as untrue market rumors that he was
considering resigning from the CFO post.
"There have been no fundamental changes in our business
since our conference call after first quarter earnings release
on June 8, 2000," Fred Sturm, the company's chief executive
officer, said in a statement.
For the fiscal first quarter ended May 27, California
Amplifier reported net income of $2.1 million, or 15 cents a
diluted share, on sales of $32.3 million.
((--Los Angeles bureau + 1 213 380 2014))
REUTERS
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