Plus   Neg

Electronics For Imaging Q1 Results Tops Estimate

Electronics For Imaging, Inc. (EFII) reported GAAP net income for the first quarter of $6.2 million or $0.13 per share, compared to $6.2 million or $0.13 per share for the year-ago quarter.

Excluding items, non-GAAP net income for the first quarter was $14.2 million or $0.30 per share, compared to $13.5 million or $0.28 per share in the prior year quarter.

Revenue for the first quarter rose 14% $160.06 million from $140.05 million a year earlier.

Analysts polled by Thomson Reuters expected the company to earn $0.28 per share on revenue of $154.85 million for the first quarter.

For the second quarter, the company said it is expecting about 15% year-over-year revenue growth. Analysts currently expect second quarter revenue to grow 11.80% year-over-year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Galaxy Entertainment Group (WYNN) Friday announced that it has agreed to purchase 5.3 million primary shares of Wynn Resorts Ltd. at a price of $175 a share, resulting in $927.50 million of gross proceeds to Wynn Resorts. The two sale, combined with a previous sale effectively eliminate ownership of founder and former CEO Steve Wynn in Wynn Resorts. Starbucks wants to be more efficient but it is risking the fragile loyalty of its most devoted customers. The ubiquitous chain plans a major push to get coffee lovers to use its mobile app to place their orders, but regulars prefer to buy their lattes by waiting in the queue. According to reports,... Taco Bell, the Mexican fast-food chain owned by Yum Brands Inc. (YUM), Thursday said it will start selling tortilla chips in grocery and convenience stores starting May. The chips will be available in Fire and Mild sauce packet flavors and also in a Classic flavor. "This launch of our first line...
comments powered by Disqus
Follow RTT