Cepheid (CPHD) reported first-quarter net income of $0.3 million, or breakeven per share, compared to a net loss of $5.5 million, or $0.08 per share, last year. Excluding employee stock-based compensation and amortization of purchased intangible assets, adjusted net income was $7.8 million, or $0.11 per share. Revenues were $91.9 million, representing growth of 19% from $77.3 million last year.
On average, 18 analysts polled by Thomson Reuters expected the company to report a loss of $0.02 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $89.12 million for the quarter.
For the fiscal year ending December 31, 2013, the company continues to expect: total revenue to be in the range of $375 million to $385 million; and per share results in a range between a net loss of $0.05 to profit of $0.01; adjusted net income in the range of $0.41 to $0.46 per share. Analysts expect the company to report fiscal 2013 profit per share of $0.02 on revenue of $381.28 million.
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