Why does this company sales jump all around? Looks damn cheap if this growth is real.
biz.yahoo.com
California Amplifier, Inc. (Nasdaq: CAMP - News) today announced that it is raising its forecast of revenues and earnings for its third quarter ending November 30, 2003, due to strong demand for its advanced customer premise equipment products in the Direct Broadcast Satellite (DBS) market.
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In its second quarter earnings release issued October 2, 2003, the Company stated that it expected third quarter sales to be in the range of $30 to $36 million and earnings to be in the range of $0.07 to $0.12 per diluted share. Based on its current visibility, California Amplifier now expects revenues to be in the range of $41 to $44 million and earnings to be in the range of $0.13 to $0.17 per diluted share.
"Demand for our latest generation DBS products continues to strengthen," said Fred Sturm, the Company's President and Chief Executive Officer. "An improving economy, aggressive promotions by U.S. DBS service providers, and California Amplifier's strong market position have all contributed to robust shipments. Also, our ability to procure components and materials in sufficient quantifies to fulfill customer orders on a timely basis has been better than we previously anticipated, which has contributed to the higher level of expected revenues." |
