Symmetricom (SYMM) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS - InvestingChannel

Symmetricom (SYMM) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Symmetricom (NASDAQ: SYMM) issued its quarterly earnings data on Wednesday. The company reported $0.01 earnings per share for the quarter, beating the analysts? consensus estimate of ($0.03) by $0.04. The company had revenue of $49.15 million for the quarter, compared to the consensus estimate of $47.50 million. During the same quarter last year, the company posted $0.10 earnings per share. Symmetricom ?s revenue was down 15.7% compared to the same quarter last year. Symmetricom updated its Q3 guidance to $0.00-0.05 EPS.

A number of analysts have recently weighed in on SYMM shares. Analysts at Sidoti downgraded shares of Symmetricom from a ?buy? rating to a ?neutral? rating in a research note to investors on Wednesday, December 19th. Analysts at B. Riley downgraded shares of Symmetricom from a ?buy? rating to a ?neutral? rating in a research note to investors on Wednesday, December 19th. Shares of Symmetricom (SYMM) traded down 2.98% during mid-day trading on Wednesday, hitting $5.53. Symmetricom (SYMM) has a one year low of $5.20 and a one year high of $7.08. The stock?s 50-day moving average is currently $5.79. The company has a market cap of $226.1 million and a P/E ratio of 28.08.

Symmetricom, Inc. generates, distributes and applies precise time for the communications, aerospace/defense, information technology (IT) infrastructure and metrology industries.