Planar Systems Q4 Loss Narrows; Guides Q1 - Quick Facts

(RTTNews) - Planar Systems,Inc.(PLNR) Wednesday, posted fourth-quarter net loss of $0.2 million or $0.01 per share, narrower than $4.6 million or $0.23 per share in the year-ago quarter.

Excluding items, net income for the the latest fourth quarter was $1.0 million or $0.05 per share, compared to net loss of $2.1 million or $0.10 per share in the prior year.

Total revenues for the fourth quarter were $45.71 million, compared with $41.40 million in the comparable quarter last year.

On average, two analysts polled by Thomson Reuters expected the company to report a loss of $0.03 per share on revenue of $43.00 million. Analysts' estimates typically exclude special items.

Looking ahead to the first quarter, the company anticipates Non-GAAP income of $0.02 to $0.04 per share and revenue in the range of $41 million to $43 million.

Analysts currently expect a loss of $0.02 per share and revenue of $42.50 million for the first quarter.