U.S. Markets closed

Exfo posts 2Q profit

QUEBEC CITY (AP) _ Exfo Inc. (EXFO) on Wednesday reported fiscal second-quarter earnings of $1 million.

The Quebec City-based company said it had profit of 2 cents per share. Earnings, adjusted for amortization costs and stock option expense, came to 4 cents per share.

The telecommunications testing company posted revenue of $60 million in the period.

For the current quarter ending in June, Exfo said it expects revenue in the range of $58 million to $63 million.

Exfo shares have increased 35 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.95, a rise of 86 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EXFO at https://www.zacks.com/ap/EXFO

_____

Keywords: Exfo, Earnings Report