Xcerra Announces Second Quarter Results
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Xcerra Corporation | | | | | | | |
Consolidated Statements of Operations | | | | | | | |
(in thousands, except earnings per share data)
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(unaudited)
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Three Months Ended | |
Six Months Ended | | | |
January 31, | |
January 31, | | | | |
2016 | | |
2015 | | | |
2016 | | |
2015 | | | | | | | | | | | | Net sales | $ | 72,334 | | $ | 83,453 | | | $ | 150,735 | | $ | 199,674 | | | | Cost of sales | | 41,729 | | | 46,790 | | | | 87,998 | | | 109,812 | | | | Gross profit | | 30,605 | | | 36,663 | | | | 62,737 | | | 89,862 | | | | | | | | | | | | Engineering and product development expenses | | 14,834 | | | 15,625 | | | | 29,897 | | | 31,695 | | | | Selling, general, and administrative expenses | | 18,907 | | | 18,262 | | | | 36,860 | | | 40,413 | | | | Amortization of purchased intangible assets | | 296 | | | 449 | | | | 710 | | | 984 | | | | Restructuring | | 252 | | | 230 | | | | 384 | | | 938 | | | | Income (loss) from continuing operations | | (3,684 | ) | | 2,097 | | | | (5,114 | ) | | 15,832 | | | | | | | | | | | | Other income, net | | 449 | | | 4,058 | | | | 1,912 | | | 3,579 | | | | Income (loss) from continuing operations before provision for income taxes | | (3,235 | ) | | 6,155 | | | | (3,202 | ) | | 19,411 | | | | Provision for income taxes | | 692 | | | 1,563 | | | | 1,603 | | | 2,326 | | | | Income (loss) from continuing operations | | (3,927 | ) | | 4,592 | | | | (4,805 | ) | | 17,085 | | | | Income (loss) from discontinued operations, net of tax | | 8,363 | | | (663 | ) | | | 7,576 | | | (1,094 | ) | | | Net income | $ | 4,436 | | $ | 3,929 | | | $ | 2,771 | | $ | 15,991 | | | | | | | | | | | | Basic net income (loss) per share: | | | | | | | | Net income (loss) from continuing operations | $ | (0.07 | ) | $ | 0.08 | | | $ | (0.09 | ) | $ | 0.32 | | | | Net income (loss) from discontinued operations, net of tax | | 0.16 | | | (0.01 | ) | | | 0.14 | | | (0.02 | ) | | | Basic net income (loss) per share | $ | 0.08 | | $ | 0.07 | | | $ | 0.05 | | $ | 0.30 | | | | | | | | | | | | Diluted net income (loss) per share: | | | | | | | | Net income (loss) from continuing operations | $ | (0.07 | ) | $ | 0.08 | | | $ | (0.09 | ) | $ | 0.32 | | | | Net income (loss) from discontinued operations, net of tax | | 0.16 | | | (0.01 | ) | | | 0.14 | | | (0.02 | ) | | | Diluted net income (loss) per share | $ | 0.08 | | $ | 0.07 | | | $ | 0.05 | | $ | 0.30 | | | | | | | | | | | | Weighted-average common shares used in computing net income (loss) per share: | | | | | | | | Basic | | 53,608 | | | 54,362 | | | | 54,049 | | | 52,745 | | | | Diluted | | 53,608 | | | 54,667 | | | | 54,141 | | | 53,510 | | | | | | | | | | |
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