Electronics for Imaging (NASDAQ:EFII) saw its profit rise in the most recent quarter.
Earnings and Revenue The company's revenues topped Wall Street's expectations, though the company's EPS fell short of predictions. The company reported EPS of 15 cents a share versus the 22 cents a share estimate and revenues of $163.9 million versus the $162.4 million estimate.
For the second quarter, the company reported profit of $7 million. This is 93.8% higher than the year-ago quarter. Revenue climbed 16.1% from $141.2 million in the same period last year.
Company Fundamental Trends The company has averaged revenue growth of 15.1% over the past five quarters.
History Against Expectations The company missed forecasts after topping estimates in the previous two quarters. In the first quarter, it topped the mark by one cent, and in the fourth quarter of the last fiscal year, it was ahead by 2 cents.
Official Comment: Quote"Our team delivered a record revenue quarter with 16% growth in an increasingly challenging operating environment coupled with currency headwinds. Strong results in our Industrial Inkjet and Productivity Software business segments led to our tenth consecutive quarter of double-digit growth," said Guy Gecht, Chief Executive Officer of EFI. "While our business isn't immune to broader economic trends even though EFI targets the growth areas of print, we continue to see growth opportunities in enabling our customers to transform their businesses and optimize their operations, which allows us both to continue to grow even in a tough environment."
Estimates provided by Zacks Investment Research and company fundamentals from Xignite Financials.