Brightpoint Earnings: Revenue and Profits Rise

Brightpoint, Inc. (NASDAQ:CELL) reported higher profit for the first quarter as revenue showed growth. Brightpoint, Inc. is engaged in providing supply chain solutions to the wireless industry.

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Brightpoint Earnings Cheat Sheet for the First Quarter

Results: Net income for Brightpoint, Inc. rose to $9.3 million (13 cents/share) vs. $1.4 million (2 cents/share) in the same quarter a year earlier. A substantial increase from the year earlier quarter.

Revenue: Rose 40.2% to $1.11 billion YoY.

Actual vs. Wall St. Expectations: CELL reported adjusted net income of 20 cents per share. By this measure, the company beat the mean analyst estimate of 18 cents/share. Estimates ranged from 17 cents per share to 21 cents per share.

Quoting Management: “I am pleased we were able to deliver strong financial results for the first quarter of 2011,” said Tony Boor, Brightpoint’s Chief Financial Officer and Treasurer. “Distribution average selling price was over $200 for the first quarter of 2011, an increase of over 29% compared to the first quarter of 2010 and reflects our growing share of smartphones sold.”

Key Stats:

Over the last five quarters, revenue has increased 17.5% on average year over year. The biggest increase came in the most recent quarter, when revenue rose 40.2% from the year earlier quarter.

Competitors to Watch: TESSCO Technologies, Inc. (NASDAQ:TESS), InfoSonics Corporation (NASDAQ:IFON), Ingram Micro Inc. (NYSE:IM), Arrow Electronics, Inc. (NYSE:ARW), Avnet, Inc. (NYSE:AVT), ADDvantage Tech. Group, Inc. (NASDAQ:AEY), Motorola Mobility Hldgs. Inc (NYSE:MMI), Tech Data Corporation (NASDAQ:TECD), Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC), and SYNNEX Corporation (NYSE:SNX).

Today’s Performance: Shares of CELL are unchanged in after hours trading.

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