The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Affymetrix met expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP loss per share dropped.
Gross margins grew, operating margins dropped, net margins expanded.
Affymetrix chalked up revenue of $84.3 million. The 12 analysts polled by S&P Capital IQ predicted sales of $84.1 million on the same basis. GAAP reported sales were 30% higher than the prior-year quarter's $65.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.02. The 13 earnings estimates compiled by S&P Capital IQ averaged -$0.03 per share. GAAP EPS were -$0.17 for Q4 compared to -$0.21 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 53.6%, 30 basis points better than the prior-year quarter. Operating margin was -8.8%, 70 basis points worse than the prior-year quarter. Net margin was -14.5%, 810 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $83.9 million. On the bottom line, the average EPS estimate is $0.01.
Next year's average estimate for revenue is $333.3 million. The average EPS estimate is $0.04.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 346 members out of 409 rating the stock outperform, and 63 members rating it underperform. Among 114 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 99 give Affymetrix a green thumbs-up, and 15 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Affymetrix is hold, with an average price target of $4.74.
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