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LTX-Credence Management Presents At Barclays Capital Global Technology, Media And Telecommunications. (Transcript)

LTX-Credence Corporation (LTXC)

Barclays Capital Global Technology, Media and Telecommunications

May 23, 2012 04:15 pm ET

Executives

Rich Yerganian - VP, IR

Analysts

C.J. Muse - Barclays Capital

Presentation

Thank you, all for coming. My name is C.J. Muse with Barclays. I am a semiconductor analyst. It's my pleasure to have LTX-Credence with us today. We have Rich Yerganian, VP of Investor Relations. We have roughly 25 minutes. We will have brief presentation, move to Q&A, and then after that, we will have a breakout session in Liberty 5.

With that, let me turn it over to Rich.

Rich Yerganian

Thank you, C.J.

Just to start out with, in case you are not aware this morning, we announced our fiscal Q3 results for the quarter ended April 30, we announced revenues of just shy of $31 million. Midpoint of our guidance was $30 million, and we had a loss per share of $0.10 per share on a non-GAAP basis.

Our guidance for our fourth quarter, which ends the end of July, was significantly up in terms of revenues with the guidance being between $42 million and $46 million in revenues, and EPS, from breakeven at the low end, to $0.04 a share profit that’s behind the guidance. So certainly heading in the right direction in terms of the overall business cycles represent two quarters in a row of sequential growth. We believe that the bottom of the cycle certainly is behind us as we enter this new phase of growth.

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