AHAA ( $30-$34) P/E 46 posts Q1 loss, sees return to profits in Q3
WOBURN, Mass., July 18 (Reuters) - Integrated circuit maker Alpha Industries Inc. (NasdaqNM:AHAA - news) on Wednesday reported a first-quarter loss in line with analysts estimates, and said it is on track to return to profitability in its third quarter.
Woburn, Mass.-based Alpha reported a first-quarter net loss of $3.9 million, or 9 cents per diluted share, compared with net income of $7.8 million, or 18 cents per share, in the same quarter last year.
The consensus estimate among analysts polled by Thomson Financial/First Call was a loss of 9 cents per share.
First quarter net sales totaled $32.2 million, versus $65.7 million a year ago.
Alpha said it expects to report sequential sales growth of 5 percent to 10 percent in the second quarter, and a net loss of 5 cents to 7 cents per share. It said it expects third quarter sales to grow at least 20 percent sequentially, with a return to profitability in the quarter. |
