When I said yesterday that digital measurement expert Tektronix
So sales were $5 million stronger than expected at $268 million, and pro forma net income landed at $0.35 per diluted share and beat the Street by $0.02 per share. On the other hand, the company is filling orders faster than they are coming in.
Management sounded positive in the comments accompanying the report, and the instruments segment did see a 13% increase in order volume. In particular, the brand-new oscilloscope and spectrum analyzers on which management seems to be pinning its hopes for the future has met with strong customer demand.
The communications side of operations looks much more lumpy. Because of the "timing of a few large orders," order volume was down 19% year over year in that segment, though last quarter saw a 65% jump and another "double-digit" boost is expected next quarter. Fair enough, especially since communications orders tend to be much larger and less frequent than orders for instruments, according to Tektronix's filings.
It's funny to see a company with a multibillion-dollar market cap and up against respectable competitors like JDS Uniphase
Further further Foolishness:
Can't get enough investment advice? Try any of the Fool's newsletters free for 30 days .