Optical Cable Q3 sales rise on firm demand in enterprise, data center markets
Optical Cable Q3 sales rise on firm demand in enterprise, data center markets
Overview
U.S. fiber optic cabling maker's fiscal Q3 sales rose 22% yr/yr, driven by enterprise and data center markets
Gross profit for fiscal Q3 increased 43.9% yr/yr, reflecting improved manufacturing operating leverage
Company reported net income of $1.9 mln, or $0.21 per share, for fiscal Q3
Outlook
Company did not provide specific guidance for the current or upcoming periods in the press release
Result Drivers
MARKET DEMAND - Co said Q3 sales growth was driven by increased demand in enterprise, data center, and specialty markets
MANUFACTURING LEVERAGE - Gross profit rose due to increased volumes and resulting positive impact of manufacturing operating leverage
HIGHER SG&A COSTS - SG&A expenses increased mainly due to higher employee, sales personnel, and shipping costs
Company press release: ID:nPnd8PGga
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Slight Miss* | $24.30 mln | $24.50 mln (1 Analyst) |
Q3 EPS |
| $0.21 |
|
Q3 Net Income |
| $1.86 mln |
|
Q3 Gross Profit |
| $9.10 mln |
|
Q3 Income From Operations |
| $2.11 mln |
|
Q3 Pretax Profit |
| $1.87 mln |
|
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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Optical Cable Q3 sales rise on firm demand in enterprise, data center markets
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