Strong shipments boost Ultralife 2Q revenue Wednesday July 9, 8:27 am ET Ultralife 2nd-qtr revenue to be about $88 million, above company's and analysts' estimates
NEWARK, N.Y. (AP) -- Ultralife Corp., a battery and power solutions provider, said Wednesday second-quarter revenue will beat its previous expectations because of strong shipments and accelerated deliveries. Ultralife now anticipates revenue for the quarter ended June 28 will be about $88 million. It had previously estimated revenue would exceed $75 million.
Analysts polled by Thomson Financial, on average, forecast revenue of $66.4 million for the quarter.