WASHINGTON (dpa-AFX) - Cepheid (CPHD) reported that its third-quarter net income was $1.9 million, or $0.03 per share, compared to a net loss of $1.1 million, or $0.02 per share, in the third quarter of 2010.
Non-GAAP net income for the third quarter was $7.6 million, or $0.11 per share, up from $3.7 million, or $0.06 per share, in the third quarter of 2010.
Revenues for the third quarter were $70.2 million, up from $56.1 million in the third quarter of 2010.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.02 per share on revenues of $68.26 million for the quarter. Analysts' estimates typically exclude special items.
For fiscal 2011, the company now expects net income to be in the range of $0.00 to $0.03 per share, compared to prior outlook of $0.08 - $0.11 per share.
Non-GAAP net income for fiscal 2011 is still expected to be in the range of $0.41 to $0.44 per share.
Total revenue for fiscal 2011 is anticipated to be in the range of $269 million to $272 million, compared to earlier outlook of $265 million - $270 million.
Analysts expect the company to report earnings of $0.10 per share on revenues of $268.83 million for fiscal 2011.
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