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Tektronix reports Q2 net sales for fiscal 2006

Posted: 20 Dec 2005 ?? ?Print Version ?Bookmark and Share

Keywords:Tektronix? net earning?

Tektronix Inc. reported net sales of $253.4 million and net earnings from continuing operations of $19.9 million or 24 cents per share for Q2 ended November 26, 2005. This compares with net sales of $266.8 million and a net loss from continuing operations of $2.6 million or 3 cents per share for the same period last year.

Excluding acquisition-related costs, business realignment costs and one-time items, net earnings from continuing operations were $25.8 million or 31 cents per share for Q2 ended November 26, 2005, as compared with $34.5 million or 39 cents per share for the same period last year.

"Overall, we are very encouraged by our results in the second quarter," said Tektronix Chairman and CEO Rick Wills. "Business levels firmed considerably during the quarter and we saw modest year-over-year growth in orders. The improvement in our markets at the end of last quarter continued during the second quarter. Our communications products, as well as our video products, each had double-digit order growth in the second quarter. Orders for general purpose products were down slightly from last year but were up significantly from the first quarter."

For Q3 of fiscal 2006, the company expects net sales to be approximately $255 to $265 million. Earnings per share from continuing operations are expected to be between 30 cents and 34 cents before mostly non-cash acquisition-related costs, business realignment costs and one-time items.

"We continue to be encouraged by the recent strengthening of the market. And we are very excited about the success of our recently introduced products as well as the major new products we expect to introduce this quarter and in the coming quarters," added Wills.




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