Exfo Inc

EXFO Swings to 2Q loss on costs linked to acquisitions, U.S. tax reform impact

The company acquired France-based Astellia in February

Fiber optic lines
The shares declined 6% on the news

EXFO Inc. (NASDAQ:EXFO), a monitoring and analytics company, said it swung to a loss in the fiscal second quarter, hampered by costs related to the U.S. tax reform and acquisition expenses.

The net loss was US$4.7mln, or US$0.08 a share, from net profit of US$1.0mln, or US$0.02 a share, a year earlier, the company said in a statement. Revenue gained 7.8% to US$64.7mln.

The stock fell 6% to US$3.95 at 12:24 p.m

EXFO said in February that it acquired France’s Astellia to help scale the company’s offerings to mobile network operators.

Quick facts: Exfo Inc

Price: $3.74

Market: NASDAQ
Market Cap: $207.17 m

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