Simulations Plus, Inc. (SLP) released earnings for its first quarter that Increased from last year but missed the Street estimates.
The company's earnings came in at $0.68 million, or $0.03 per share. This compares with $0.21 million, or $0.01 per share, last year.
Excluding items, Simulations Plus, Inc. reported adjusted earnings of $2.59 million or $0.13 per share for the period.
Analysts on average had expected the company to earn $0.20 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 2.6% to $18.42 million from $18.92 million last year.
Simulations Plus, Inc. earnings at a glance (GAAP) :
-Earnings: $0.68 Mln. vs. $0.21 Mln. last year.-EPS: $0.03 vs. $0.01 last year.-Revenue: $18.42 Mln vs. $18.92 Mln last year.
-Guidance:Full year EPS guidance: $1.03 - $1.10Full year revenue guidance: $79 Mln - $82 Mln
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