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FEI Company: Fundamentals Remain Intact Despite Weak Earnings

FEI Company (FEIC) reported weak quarterly earnings, with shares falling around 8% as a result. The company's quarterly revenue of $265.3M fell below expectations of $274M. The disappointing fourth quarter revenue was largely because "movements in foreign exchange rates negatively impacted revenue for the fourth quarter by $9.6 million, as compared with third quarter of 2014 rates," according to the company. On top of its disappointing quarterly revenue, its adjusted EPS also fell below expectations, coming in at $0.93 as opposed to Wall Street estimate of $1.03.

Here are some highlights from the company's Q4 earnings report:

- The company recorded a quarterly net booking of $261.9M, increasing its total backlog to $535.6M (representing a 13% YOY increase). Its quarterly bookings missed analyst expectations, which again was supposed to have been caused by changes in foreign exchange rates.

- Diluted EPS for the quarter was $0.79, a far cry… Read More …