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Microcap & Penny Stocks : RADN - Radyne Comstream -- Ignore unavailable to you. Want to Upgrade?


To: VIXandMore who wrote (109)6/8/2004 12:49:54 AM
From: VIXandMore  Read Replies (1) | Respond to of 112
 
Radyne ComStream Expects 5th Consecutive Profitable Quarter

PHOENIX, June 7 /PRNewswire-FirstCall/ -- Radyne ComStream Inc. (Nasdaq: RADN - News, RADNW - News), today announced that the Company expects revenues for the second quarter to be between $12 and $14 million with resulting per share earnings between $.07 and $.10 per fully diluted share. The company reaffirmed its full-year guidance for revenues between $65 million and $75 million and per share earnings between $.46 and $.56 per fully diluted share.

Radyne previously announced that $1.3 million of sales, originally booked for the second quarter were accelerated into the first quarter at a customer's request. Typically, the firm's sales are seasonal. In four out of the past five years the majority of sales have been shipped in the second half of the year.

"All indications remain positive towards achieving our previously stated annual guidance," said Bob Fitting, CEO. "Our quote logs and customer interest remain strong."