Given Imaging Ltd. (NASDAQ:GIVN) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Given Imaging Ltd. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 500% to $0.06 in the quarter versus EPS of $0.01 in the year-earlier quarter.
Revenue: Decreased 2.96% to $40.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Given Imaging Ltd. reported adjusted EPS income of $0.06 per share. By that measure, the company missed the mean analyst estimate of $0.13. It missed the average revenue estimate of $44.63 million.
Quoting Management: “While we achieved record first quarter revenues in both the EMEA and APAC regions, total revenues were below our expectations due to a shortfall in sales execution in the Americas region. We are encouraged by our second quarter strong revenues to date and we remain on track to meet the full-year 2013 financial guidance that we provided earlier this year. We are also encouraged by our advanced discussions with both U.S. and Japanese regulatory authorities regarding approvals for PillCam COLON 2″ said Homi Shamir, President and CEO, Given Imaging.
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