KVH Industries Earnings: Everything You Must Know Now

KVH Industries Inc. (NASDAQ:KVHI) 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.

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KVH Industries Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $0.13 in the quarter versus EPS of $-0.09 in the year-earlier quarter.

Revenue: Rose 49.27% to $39.9 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: KVH Industries Inc. reported adjusted EPS income of $0.13 per share. By that measure, the company beat the mean analyst estimate of $0.12. It beat the average revenue estimate of $38.65 million.

Quoting Management: “Our third sequential record revenue quarter reflects continued growth from both our broadband communications and guidance and stabilization businesses,” said Martin Kits van Heyningen, KVH’s chief executive officer. “Our TACNAV and FOG product lines generated solid results in the first quarter of 2013, with year-over-year growth of 586% and 93%, respectively. On the marine side, our VSAT airtime business continues to grow rapidly with revenues in the first quarter increasing 42% compared to the same quarter last year.”

Key Stats (on next page)…

Revenue increased 0.91% from $39.54 million in the previous quarter. EPS decreased 27.78% from $0.18 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 $0.21 to a profit $0.15. For the current year, the average estimate has moved down from a profit of $0.64 to a profit of $0.43 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)