It is widely expected that the company would report a modest increase in June quarter revenues and earnings, compared to last year. Analysts are looking for adjusted earnings of $0.12 per share vs. $0.11 per share last year. Revenues are expected to rise 4.5% from last year to $696.06 million in Q2 2023.
In the March quarter, the company’s adjusted earnings dropped to $0.08 per share from $0.10 per share in the year-ago period. Meanwhile, revenues increased to $602.6 million from $574.9 million in the first quarter of 2022.