Sees Q4 revenue $740M-$765M, consensus $790.32M. The company said, "At the end of the third quarter, the company’s backlog of customer orders was approximately $854 million, which was 3 percent higher than the prior year. Consistent with recent quarters, the backlog includes a higher than historical percentage of orders scheduled to ship beyond the end of the next quarter. Orders through the first three weeks of the fourth quarter declined approximately 6 percent compared to the prior year. As a result, the company expects fourth quarter fiscal 2023 revenue to be in the range of $740 to $765 million. The company reported revenue of $753.1 million in the fourth quarter of fiscal 2022. The projected revenue range is approximately flat, including on an organic basis, compared to the fourth quarter of fiscal 2022. The company expects to report earnings per share of between $0.05 to $0.09 for the fourth quarter of fiscal 2023 and adjusted earnings per share of between $0.11 to $0.15."
Published first on TheFly
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