Ultralife Corporation (ULBI) reported a profit for first quarter that decreased from last year and missed the Street estimates.
The company's bottom line totaled $1.87 million, or $0.11 per share. This compares with $2.89 million, or $0.18 per share, last year.
Excluding items, Ultralife Corporation reported adjusted earnings of $2.21 million or $0.13 per share for the period.
Analysts on average had expected the company to earn $0.15 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 21.0% to $50.75 million from $41.93 million last year.
Ultralife Corporation earnings at a glance (GAAP) :
-Earnings: $1.87 Mln. vs. $2.89 Mln. last year.
-EPS: $0.11 vs. $0.18 last year.
-Revenue: $50.75 Mln vs. $41.93 Mln last year.
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