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Electronics For Imaging Q1 Results Tops Estimate

Electronics For Imaging, Inc. (EFII: Quote) 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.

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by RTT Staff Writer

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