Electronics for Imaging Earnings: Here’s Why Shares are Up Now
Electronics for Imaging, Inc. (NASDAQ:EFII) delivered a profit and beat 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. Shares are up 0.32%.
Electronics for Imaging, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 26.67% to $0.38 in the quarter versus EPS of $0.30 in the year-earlier quarter.
Revenue: Rose 10.01% to $180.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Electronics for Imaging, Inc. reported adjusted EPS income of $0.38 per share. By that measure, the company beat the mean analyst estimate of $0.35. It beat the average revenue estimate of $175.18 million.
Quoting Management: “We could not have been more delighted with the record results the EFI team delivered in the second quarter as our product innovation continues to drive demand across our three segments,” said Guy Gecht, CEO of EFI. “We look to maintain this momentum into the third quarter as customers increasingly turn to EFI to make their businesses more competitive.”
Key Stats (on next page)…
Revenue increased 5.22% from $171.36 million in the previous quarter. EPS increased 15.15% from $0.33 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.35 to a profit $0.34. For the current year, the average estimate is a profit of $1.45, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)