FEI Co (FEIC) Sell Recommendation Reiterated at Off Wall Street
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FEI Co (FEIC) Posts Q3 EPS of $0.51; Will Acquire DCG Systems
October 27, 2015 4:11 PM EDTFEI Co (NASDAQ: FEIC) reported Q3 EPS of $0.51, $0.26 worse than the analyst estimate of $0.77. Revenue for the quarter came in at $213 million versus the consensus estimate of $220.91 million.
Included in third quarter 2015 results are tax benefits in the amount of $6.1 million, or $0.15 per share, and a non-cash impairment of goodwill and long-lived assets of $24 million, or $0.58 per share, net of taxes. The impairment is related to assets supporting the companys oil and gas business.
The companys backlog of orders at the end of the third quarter of 2015 was $562 million,... More
