Brightpoint misses by $0.03, misses on revs

Briefing.com

Posted: 2008-05-06 16:04:00

Reports Q1 (Mar) earnings of $0.09 per share, $0.03 worse than the First Call consensus of $0.12; revenues rose 87.2% year/year to $1.2 bln vs the $1.38 bln consensus. For FY08 the co expects Adjusted annual SG&A expenses as a percent of revenue are expected to be between 4.5% to 4.9%, a change from the previously disclosed range of 4.3% to 4.7%. FY08 annual effective tax rate from 32% to 35%. The co also expects a loss of approx $1.7 mln to $2.0 mln in Colombia resulting from the sale of certain assets to the former general manager.