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Non-Tech : EARNINGS REPORTING - surprises, misses & more -- Ignore unavailable to you. Want to Upgrade?

To: keithcray who wrote (671)	6/27/2001 5:38:12 PM
From: 2MAR$	Read Replies (1) \| Respond to of 762

EXFO ($18-->$20) posts strong Q3 results, maintains outlook (UPDATE: Figures in U.S. dollars unless noted.) QUEBEC CITY, June 27 (Reuters) - Canadian fiber-optic supplier Exfo Electro-Optical Engineering Inc. (Toronto:EXF.TO - news) (NasdaqNM:EXFO - news) posted market-beating results on Wednesday and maintained its guidance for the year because of strong sales. In stark contrast to the slumping fiber-optic sector, EXFO, which makes fiber-optic measurement, monitoring and testing equipment, is basking in a high-demand market that has a wide range of customers. Just after the market's close on Wednesday, EXFO posted third-quarter cash earnings of 11 cents a share, beating analysts' forecasts of 10 cents. Revenues for the quarter jumped to a record $45.8 million from $19.4 million for the same period last year. Analysts were expecting $42 million in revenues. Quebec City-based EXFO told analysts it expects 2001 cash annual earnings to remain on course at between 40 cents to 50 cents, and revenues of between $150 million to $165 million. EXFO's stock has ranged from C$134.00 to C$24.67 over the past 52 weeks on the Toronto Stock Exchange, and closed down at 67 Canadian cents at C$26.63 on Wednesday. On Nasdaq, the stock lost 39 cents to close at $14.54. ($1 equals $1.52 Canadian)