- RF Industries (RFIL -22.6%) shares collapsed in morning trading after the company announced preliminary FQ4 results and dour FQ1 guidance.
- RFIL posted FQ4 EPS of $0.11 (-$0.01 from FQ4 2012) on revenue of $8.4M (-9% Y/Y).
- CEO Howard Hill: "Our Cables Unlimited division was particularly strong and generated over 90% of our company's overall revenue growth in fiscal 2013." However, "Given what we've seen in the first two months of fiscal 2014, we expect to see a material decline in revenues and operating profit from Cables Unlimited in the first quarter, both sequentially and as compared to the first quarter of 2013."