Black Diamond (NASDAQ:BDE) had a loss and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 2.39%.
Black Diamond Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.01 in the quarter versus EPS of $-0.06 in the year-earlier quarter.
Revenue: Rose 21.87% to $38.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Black Diamond reported adjusted EPS loss of $0.01 per share. By that measure, the company beat the mean analyst estimate of $-0.07. It missed the average revenue estimate of $40.44 million.
Quoting Management: “The first half of the year represents our spring/summer product season and compared to last year, sales during the first half of 2013 were up 15% to $89.9 million, in-line with our long-term organic growth target,” said Peter Metcalf, president and CEO of Black Diamond. “In addition, we achieved double-digit growth from all of our brands during the second quarter and attribute these record sales to our diverse collection of new and existing active outdoor performance products, global distribution and increased focus on sales and marketing.”
Key Stats (on next page)…