newport corp (NEWP) Key Developments
Newport Corporation Updates Earnings Guidance for the Second Quarter of 2015
Jul 20 15
Newport Corporation updated earnings guidance for the second quarter of 2015. For the quarter, the company expects its sales for the second quarter of 2015 to be in the range of $147 million to $148 million, compared with the company's previous guidance of $154 million to $161 million. In addition, Newport now expects its non-GAAP earnings per diluted share for the second quarter of 2015 to be in the range of $0.24 to $0.26, excluding the amortization of intangible assets, stock-based compensation expense, acquisition-related, restructuring and severance costs, losses on disposals of assets and the tax impact of the excluded amounts. The lower expected earnings are due to the lower sales level, a loss of approximately $1.4 million (or $0.02 per diluted share) from the company's newly acquired Femtolasers business, and an inventory charge of approximately $1.1 million (or $0.02 per diluted share).
Newport Corp. Provides Earnings Guidance for the Second Quarter of 2015
Jul 14 15
Newport Corp. provided earnings guidance for the second quarter of 2015. For the quarter, the company expects sales to be in the range of $154 million - $161 million. The company said it continues to expects to again achieve year-over-year increases in non-GAAP operating income and non-GAAP earnings per diluted share.
Newport Corp. Presents at CJS Securities 15th Annual New Ideas Summer Investor Conference, Jul-14-2015 08:00 AM
Jun 18 15
Newport Corp. Presents at CJS Securities 15th Annual New Ideas Summer Investor Conference, Jul-14-2015 08:00 AM. Venue: Metropolis Country Club, White Plains, New York, United States.
Newport Corp. Expands its OpticsCage+ Optical Cage System with the Release of OC1-FB Five-Bank Filter Holder
Jun 3 15
Newport Corp. has expanded its OpticsCage+ Optical Cage System with the release of OC1-FB five-bank filter holder, the OC1-TZ insertable translation stage, and the OC1-ME one inch elliptical mirror corner cube, its three new accessories, bringing the total number of OpticsCage+ family elements to over 40. These family additions further increase the flexibility and number of applications where the OpticsCage+ can be used including microscopy, spectroscopy and optical trapping. The exclusive five-carrier filter bank enables a wide variety of applications by allowing any of the 1 inch diameter by 0.25 inch thick optics to be flipped in and out of a beam path individually or together in any combination. Rare Earth magnets hold the filter carriers firmly in position allowing the OC1-FB to be used vertically or horizontally. Users can create a laser power attenuator using Newport's FSR Series neutral density filters or a band pass filter using Newport's FS-CR colored glass filter sets. The OC1-FB can also be post-mounted for use without the cage system. The OC1-TZ is a unique snap-in, lockable translation stage that features a 1.25 inch square mounting surface with an array of 8-32 tapped holes for securing optical mounts like the available OC1-LH1-TZ lens mount. The OC1-TZ includes an SM-13 micrometer that provides +/- 6.5 mm of travel with 1 µm sensitivity. For users needing to motorize the stage, Newport offers the OC1-TZ-M which excludes the micrometer. The OC1-TZ is perfect for providing fine focus in precision cage systems or when mounted with a mirror, makes a basic delay line. And like many of the OpticsCage+ elements is can be inserted or removed "in a snap" without having to disassemble the entire system - no other optical cage systems provide equivalent flexibility and ease of use. The OC1-ME elliptical mirror corner cube is a cage mounted fine-adjustment elliptical mirror mount used for 90° beam folding. Three 100-TPI screws permit the precise fine adjustment of the mirror at a range of ±4°. The mirror is held securely in place with a rear clamp that easily adjusts to mirrors up to 0.25" thick. Newport also offers several new elliptical mirrors including the 10E20ER.1 and the 10E20ER.4, both or which offer wide wavelength ranges and excellent reflectivity.
Newport Seeks Acquisition
May 11 15
Newport Corp. (NasdaqGS:NEWP) plans to continue to efficiently allocate its capital to increase its earnings per share through accretive, strategic acquisitions, share buybacks and debt reductions.