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LTX-Credence slides on underwhelming guidance

  • Shares of LTX-Credence (LTXC -12.3%) slid after management announced underwhelming FQ1 guidance. Revenue is expected to be $31M-$35M vs. a consensus $45.7M. EPS is expected to be -$0.14 to -$0.09 vs. a consensus $0.05.
  • Craig-Hallum's Christian Schwab on the conference call: "What gives you some confidence in ’14 being the growth year?"
  • Previous: LTX-Credence EPS in-line, misses on revenues
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