EXFO Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended November 30, 2017; Provides Earnings Guidance for the Second Quarter of Fiscal 2018
The company forecasts sales between USD 59.0 million and USD 64.0 million for the second quarter of fiscal 2018, while IFRS net loss is expected to range between USD 0.08 and USD 0.04 per share. IFRS net loss includes USD 0.02 per share in after-tax amortization of intangible assets and stock-based compensation costs, USD 0.03 per share for acquisition expenses related to the Astellia transaction, USD 0.03 per share to account for the effects of the new US tax reform on EXFO's deferred US tax assets, and an anticipated foreign exchange loss of USD 0.02 per share.