RadiSys Earnings: Here’s Why the Stock is Down Now
RadiSys Corporation (NASDAQ:RSYS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.52%.
RadiSys Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 40% to $0.03 in the quarter versus EPS of $0.05 in the year-earlier quarter.
Revenue: Decreased 12.84% to $69.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: RadiSys Corporation reported adjusted EPS income of $0.03 per share. By that measure, the company beat the mean analyst estimate of $-0.03. It beat the average revenue estimate of $64.6 million.
Quoting Management: Brian Bronson, Radisys’ President and Chief Executive Officer, stated, “Our fourth quarter revenue and profitability exceeded our expectations. Increased shipments in Software-Solutions, particularly within our MRF business, as well as our ATCA product lines enabled a 9% sequential quarterly increase in total revenue. This improved revenue performance, combined with solid expense management, enabled a return to non-GAAP profitability.”
Key Stats (on next page)…