LeCroy (LCRY +17.5%) skyrockets after announcing it expects FQ2 (ended in December) revenue of...

|By:, SA News Editor

LeCroy (LCRY +17.5%) skyrockets after announcing it expects FQ2 (ended in December) revenue of $51.1M and EPS of $0.30; the latter is in-line, while the former beats consensus by $0.8M, assuaging fears that macro issues would affect demand for LeCroy's electronics testing gear. LeCroy also says its board has approved a new 5M share buyback, good for 30% of outstanding shares. (October report)