Consolidated Graphics, Inc. (CGX) Misses Q1 EPS by 22c; Guides Q2; Authorizes $50M Buyback

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Consolidated Graphics, Inc. (NYSE: CGX) reported Q1 EPS of $0.43, $0.22 worse than the analyst estimate of $0.65. Revenue for the quarter came in at $243.4 million versus the consensus estimate of $246.48 million.

Consolidated Graphics, Inc. sees Q211 revenue of $262-$272 million. Adjusted Diluted Earnings Per Share in the September 2011 quarter, excluding the estimated impact of lower election-related business, to improve compared to the same quarter of the prior year.

The company authorized an additional $50 million common buyback.

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