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SMF Notes FLIR FLIR Systems misses by $0.18, misses on revs; guides FY11 EPS below consensus,
revs below consensus (28.73 )
Reports Q2 (Jun) earnings of $0.18 per share, $0.18 worse than the Capital IQ Consensus Estimate of $0.36; revenues rose 17.8% year/year to $390 mln vs the $398.4 mln consensus. Co issues downside guidance for FY11, sees EPS of $1.50-1.55, excluding non-recurring items, vs. $1.69 Capital IQ Consensus Estimate; sees FY11 revs of $1.60-1.65 bln vs. $1.67 bln Capital IQ Consensus Estimate. This compares to the prior outlook of $1.7-1.75 bln in revenue and $1.70-1.75 in earnings per diluted share for the full year 2011. The co's backlog of firm orders for delivery within the next twelve months was ~$486 mln at June 30, 2011, a decrease of $42 million during the quarter. Co also announced that it has acquired Aerius Photonics, a provider of short-wavelength infrared detectors and advanced laser components, for $27 mln in cash.
Reports Q2 (Jun) earnings of $0.18 per share, $0.18 worse than the Capital IQ Consensus Estimate of $0.36; revenues rose 17.8% year/year to $390 mln vs the $398.4 mln consensus. Co issues downside guidance for FY11, sees EPS of $1.50-1.55, excluding non-recurring items, vs. $1.69 Capital IQ Consensus Estimate; sees FY11 revs of $1.60-1.65 bln vs. $1.67 bln Capital IQ Consensus Estimate. This compares to the prior outlook of $1.7-1.75 bln in revenue and $1.70-1.75 in earnings per diluted share for the full year 2011. The co's backlog of firm orders for delivery within the next twelve months was ~$486 mln at June 30, 2011, a decrease of $42 million during the quarter. Co also announced that it has acquired Aerius Photonics, a provider of short-wavelength infrared detectors and advanced laser components, for $27 mln in cash.
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