LONDON, UK / ACCESSWIRE / June 25, 2018 / If you want access to our free earnings report on Xcerra Corp. (NASDAQ: XCRA), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=XCRA. The Company reported its financial results for the third quarter of the fiscal year 2018, ended April 30, 2018, on May 23, 2018. The Company surpassed analysts' estimates for earnings and revenues in Q3 FY18.

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Earnings Highlights and Summary

For Q3 FY18, Xcerra's net sales reached $115.72 million, reflecting an increase of 11.66% from $103.64 million in Q3 FY17. The Company's revenue numbers exceeded analysts' consensus estimates of $112.70 million.

During Q3 FY18, Xcerra's cost of sales was $63.07 million, 10.06% higher than $57.31 million in Q3 FY17. The Company's gross profit advanced 13.64% to $52.64 million in the quarter under review from $46.33 million in the year ago same quarter.

For the reported quarter, Xcerra incurred engineering and product development expenses of $17.12 million, up 9.86% on a y-o-y basis; and selling, general, and administrative expenses of $22.56 million, up 4.82% on a y-o-y basis. The Company had an income from operations of $12.84 million in Q3 FY18, 44.45% higher than $8.89 million in Q3 FY17.

Xcerra's net income attributable to common shareholders was $11.75 million in the quarter ended April 30, 2018, 55.72% higher than $7.55 million in Q3 FY17. The Company's diluted earnings per share (EPS) also rose 50% to $0.21 in the reported quarter from $0.14 in the year ago same quarter. The reported earnings included legal and transaction fees, acceleration of debt financing costs, amortization of purchased intangible assets, and restructuring and related provisions. Xcerra's adjusted diluted EPS, excluding these non-recurring items, were $0.24 in Q3 FY18, up 41.18% from $0.17 in Q3 FY17. This was higher than analysts' consensus estimates of $0.21.

Cash Matters

Xcerra had cash and cash equivalents of $127.81 million as on April 30, 2018, an increase of 23.32% from $103.64 million as on July 31, 2017. The Company had a term loan of $2.19 million as on April 30, 2018, a decline of 87.55% from $17.55 million as on July 31, 2017.

Outlook

Due to the pending acquisition of Xcerra by Cohu Inc., the Company did not hold a quarterly conference call and webcast, and also did not provide an outlook for its future financial results.

Stock Performance Snapshot

June 22, 2018 - At Friday's closing bell, Xcerra's stock marginally fell 0.42%, ending the trading session at $14.16.
Volume traded for the day: 468.68 thousand shares.

Stock performance in the last month ? up 1.65%; previous three-month period ? up 24.10%; past twelve-month period ? up 44.20%; and year-to-date ? up 44.64%

After last Friday's close, Xcerra's market cap was at $762.23 million.

Price to Earnings (P/E) ratio was at 15.93.

The stock is part of the Technology sector, categorized under the Semiconductor Equipment & Materials industry.

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