Channell Commercial (CHNL) Reports Q1 Earnings, Guides for Q2 and FY
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- Channell Commercial (CHNL) Reports Q1 Earnings, Guides for Q2 and FY
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Channell Commercial Corporation (Nasdaq: CHNL) reports Q1 EPS of $0.01 vs. consensus of $0.01. Revenues were $32.9 million vs. $33.2 million consensus. (NOTE - only 1 analyst)
Company sees Q2 GAAP EPS of $0.09-$0.12; non-GAAP EPS of $0.10-$0.13, which excludes stock compensation expense and amortization of intangible assets. (Consensus is $0.11) For the second quarter of 2007, the Company expects net sales of $36 to $37 million vs. consensus of $34.44 million.
Full-year 2007 net sales are now expected in the $135-$139 million range, with GAAP net income per basic and diluted share of $0.14 to $0.18 ($0.18-0.22 ex-items). (Consensus is $128.05 million and EPS consensus is $0.32)
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