eResearchTech beats by $0.02, beats on revs; guides Q2 EPS in-line, revs above consensus; raises FY08 EPS and revs guidance
Briefing.com
Posted: 2008-05-05 16:03:37
As mentioned at 15:44, ERES reports Q1 (Mar) earnings of $0.11 per share, $0.02 better than the First Call consensus of $0.09; revenues rose 59.9% year/year to $33.7 mln vs the $31.6 mln two analyst estimates. Co issues mixed guidance for Q2, sees EPS of $0.10-0.12 vs. $0.10 consensus; sees Q2 revs of $34-36 vs. $32.95 mln two analyst estimates. Co raises guidance for FY08, sees EPS of $0.44-0.49 (up from previous guidance of $0.42-0.46) vs. $0.44 consensus; sees FY08 revs of $133-140 (up from previous guidance of $130-137 mln) vs. $134.99 mln two analyst estimates. Co reports Q1 2008 new bookings increased to $50.1 mln. Gross margin was $17.7 mln, for a gross margin percentage of 52.5% up 4.9% from Q1 of 2007. The gross margin percentage was negatively impacted by CCSS, which generated net revenues of $3.3 mln while incurring expenses of $3.2 mln.
