Exfo tops 4Q revenue forecasts

Associated Press |

QUEBEC CITY (AP) _ Exfo Inc. (EXFO) on Thursday reported fiscal fourth-quarter earnings of $844,000.

On a per-share basis, the Quebec City-based company said it had net income of 2 cents. Earnings, adjusted for non-recurring costs and restructuring costs, were 12 cents per share.

The telecommunications testing company posted revenue of $63 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $60.9 million.

For the year, the company reported profit of $851,000, or 2 cents per share. Revenue was reported as $243.3 million.

For the current quarter ending in December, Exfo said it expects revenue in the range of $60 million to $65 million.

In the final minutes of trading on Thursday, the company's shares hit $4.05. A year ago, they were trading at $3.90.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EXFO at https://www.zacks.com/ap/EXFO

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