Directed Electronics, Inc. (DEIX) on Friday announced financial results for the fourth quarter, posting GAAP earnings of $10.8 million or $0.41 per share, compared to a loss of $9.6 million or $0.48 per share in the corresponding year-ago quarter.
Pro forma earnings for the quarter increased to $16 million or $0.61 per share from $11 million or $0.55 per share in the previous year quarter.
On average, six analysts polled by First Call/Thomson Financial expected the company to report earnings of $0.62 per share.
Quarterly revenues rose 55% to $210 million from $136 million in the same quarter last year. Five Wall Street analysts estimated revenues of $202.40 million for the quarter.
Looking forward, for the full-year 2007, the company said it expects net sales to rise 8 to 16%. Net sales are forecasted to range from $475 to $510 million for the year.
For comments and feedback: editorial@rttnews.com