EXFO's Q3 revenue "below expectations" despite increased bookings

QUEBEC CITY – Earlier this week, telecom service assurance provider EXFO Inc. reported sales of US$58.9 million in the third quarter of fiscal 2013, a drop of US$0.6 million compared the same quarter in 2012. Year-to-date revenue was at US$181.2 million compared to US$192.8 million for the same period a year earlier. Third quarter bookings for the quarter ended May 31, 2013 were at US$61.8 million compared to US$57.5 million in the same period last year and US$53.4 million in the second quarter of 2013. IFRS net loss for the third quarter 2013 totaled US$0.9 million, or US$0.01 per share,...