PowerSecure International, Inc. (NASDAQ:POWR) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
PowerSecure International, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.04 in the quarter versus EPS of $-0.03 in the year-earlier quarter.
Revenue: Rose 35.58% to $45 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: PowerSecure International, Inc. reported adjusted EPS income of $0.04 per share. By that measure, the company met the mean analyst estimate of $0.04. It beat the average revenue estimate of $39.7 million.
Quoting Management: “2013 is off to a fantastic start with exceptional revenue growth, continued leverage on the bottom line, and another quarter of record backlog which provides us with excellent visibility and confidence for the remainder of the year,” said Sidney Hinton, chief executive officer of PowerSecure.
Key Stats (on next page)…