Coleman Cable, Inc. (NASDAQ:CCIX) delivered a profit 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.
Coleman Cable, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 54.17% to $0.37 in the quarter versus EPS of $0.24 in the year-earlier quarter.
Revenue: Decreased 8.11% to $202.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Coleman Cable, Inc. reported adjusted EPS income of $0.37 per share. By that measure, the company beat the mean analyst estimate of $0.30. It missed the average revenue estimate of $221.57 million.
Quoting Management: President and CEO Gary Yetman stated, “We have enjoyed a strong start to 2013 with record first quarter Adjusted EBITDA of $22.1 million and Adjusted EPS growth of over 54 percent. Contributing to our results was stronger gross profit performance across all three segments. Our efforts in recent years to diversify our business and enhance our operating platform continue to benefit our business.”
Key Stats (on next page)…