FONT-SIZE 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
Chipmaker Qualcomm is reportedly in talks with NXP Semiconductor NV (NXPI) for a possible acquisition, reports said. According to Bloomberg, negotiations are on with a probable price of $110 t $120 per NXP share. The deal would value NXP at around $34.7 billion. Regulators have confirmed the eleventh U.S. fatality linked to Takata Corp.'s defective air bag inflators. The National Highway Traffic Safety Administration or NHTSA said Thursday that a crash fatality in Riverside County, California, was tied to the rupture of a recalled Takata air bag inflator. Reynolds American Inc. (RAI) on Friday confirmed that British American Tobacco plc (BATS.L, BTI) has offered to buy the remaining 57.8 percent stake that it does not own in the US tobacco company for $47 billion. Reynolds said its board of directors will evaluate the offer, and respond accordingly to BAT, which currently owns 42.2 percent stake in Reynolds. The proposal represents an enterprise va
comments powered by Disqus
Follow RTT