CTLM states positive guidance.
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CTLM
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Monday August 27, 6:26 am Eastern Time
Centillium Comms sees Q3 results on track
FREMONT, Calif., Aug 27 (Reuters) Centillium Communications Inc. (NasdaqNM:CTLM - news), which designs and markets integrated circuits for digital subscriber line equipment, on Monday reaffirmed its third-quarter financial guidance and said it expects fourth-quarter backlog to grow.
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The Fremont, California-based company sees $46 million in revenues and earnings of eight cents per share for the third quarter of fiscal 2001. Analysts, on average, expect Centillium to earn 8 cents per share for the quarter, with estimates ranging from 6 cents to 9 cents, according to Thomson Financial/First Call.
Faraj Aalaei, chief executive and co-founder, said confirmed product orders received to date for delivery in the fourth quarter have topped $30 million. He said updated backlog, the previous few months' order flow and recent talks with its North American and Asian customers have significantly improved Centillium's visibility regarding fourth-quarter shipments.
``This improved visibility has provided us confidence that the fourth-quarter backlog will continue to grow,'' Aalaei said in a statement.
Centillium said it plans to provide more specific fourth-quarter revenue and earnings guidance in October during its third-quarter earnings conference call.
On August 24 Centillium said John Luhtala, its chief financial officer, resigned, and it appointed former U.S. Air Force flight commander Darrel Slack as the interim CFO. The company did not provide a reason for Luhtala's departure.
Shares of Centillium climbed $1.01 to $11.53 on Friday. |
