The 10-second takeaway
For the quarter ended April 30 (Q3), LTX-Credence missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP loss per share dropped. GAAP loss per share shrank.
Margins grew across the board.
LTX-Credence booked revenue of $36.3 million. The three analysts polled by S&P Capital IQ foresaw sales of $38.5 million on the same basis. GAAP reported sales were 18% higher than the prior-year quarter's $30.8 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 -$0.08. The four earnings estimates compiled by S&P Capital IQ anticipated -$0.06 per share. Non-GAAP EPS were -$0.08 for Q3 versus -$0.10 per share for the prior-year quarter. GAAP EPS were -$0.10 for Q3 versus -$0.14 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 51.6%, 30 basis points better than the prior-year quarter. Operating margin was -11.9%, 770 basis points better than the prior-year quarter. Net margin was -13.1%, 840 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $45.5 million. On the bottom line, the average EPS estimate is $0.05.
Next year's average estimate for revenue is $162.1 million. The average EPS estimate is -$0.05.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 106 members out of 118 rating the stock outperform, and 12 members rating it underperform. Among 19 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 17 give LTX-Credence a green thumbs-up, and two give it a red thumbs-down.
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