FSII $.20 EPS for Q3!! $4 ++ tomorrow Revised Third Quarter Guidance
Given the quarter-to-date orders, the company now expects third quarter orders to be between $28 and $30 million, as compared to $22.8 million in the second quarter of fiscal 2010.* Based on quarter-to-date shipments, the company now expects third quarter fiscal 2010 revenues of $27 to $29 million as compared to $18.9 million in the second quarter of fiscal 2010.* Assuming that the company can achieve anticipated gross profit margin and the operating expense levels, the company expects net income of $5.0 to $6.0 million for the third quarter of fiscal 2010, as compared to $609,000 in the second quarter of fiscal 2010.*
