You’re welcome.
Operator
Your next question comes from the line of Alex Blanton with Ingalls & Snyder.
Alexander Blanton - Ingalls & Snyder
Good afternoon. I’m going to ask you about the guidance for the fourth quarter. That seems like a very wide range. I got on late so you might have covered this during your presentation but what explains that wide range and what does it depend on?
Timothy L. Main
I think it’s the same range that we provided in Q3.
Alexander Blanton - Ingalls & Snyder
I’m talking EPS now, is what I’m talking about.
Timothy L. Main
EPS should be very similar as well. We had a $40 million spread in core operating income in Q3. We actually have a $25 million spread in Q4. That’s actually tightened up a little bit. We’ve taken money. We’ve increased the flip-side of our guidance from zero to $25 million in core operating income and raised the high-end from 40 to 50. And in terms of very specific dose on the EPS range….
Forbes I.J. Alexander
15 to the $0.12, 25 to the low end of the range…
Timothy L. Main
That’s versus $0.16 last time, right because minus….
Forbes I.J. Alexander
We’ve tightened the range now.
Timothy L. Main
Still a wide range, who knows? We believe we see a bottoming of the economy. We believe we see genuine stabilization of the revenue levels. We believe that we’ve got the right products, the right customers. We think we are going to do significantly better before than we did in Q3 in terms of earnings. This economy is a long, long way from being in a healthy mode where you can determine direction, so I think it’s pretty prudent for us to remind investors that we are wary of the actual activities to sell-through to customers and we need to give ourselves a range and remind investors through that guidance that given the economic environment, earnings are far from a certainty.
Alexander Blanton - Ingalls & Snyder
|
