Directed Electronics (DEIX) Reports Q1 Earnings
Directed Electronics, Inc. (Nasdaq: DEIX) reports a Q1 GAAP loss of $0.06 ($0.05 profit pro forma) vs. the analyst estimate of ($0.01). Revenues for the quarter were $75.4 million on a pro forma basis (GAAP revenue was $60.5 million), versus the consensus of $69.28 million.
The company's net loss for the first quarter of 2008 was ($1.6) million, or ($0.06) per diluted share, which included ($0.02) of workforce reduction expenses and RSU tax shortfalls, compared with a net loss of ($2.8) million, or ($0.11) per diluted share, for the comparable quarter in the prior year. Pro forma net income in the first quarter of 2007 totaled $1.2 million, or $0.05 per diluted share. First quarter 2007 pro forma net income excluded $5.5 million of pre-tax legal fees and settlement expense related to patent litigation. There were no pro forma items in the first quarter of 2008.
The company's net loss for the first quarter of 2008 was ($1.6) million, or ($0.06) per diluted share, which included ($0.02) of workforce reduction expenses and RSU tax shortfalls, compared with a net loss of ($2.8) million, or ($0.11) per diluted share, for the comparable quarter in the prior year. Pro forma net income in the first quarter of 2007 totaled $1.2 million, or $0.05 per diluted share. First quarter 2007 pro forma net income excluded $5.5 million of pre-tax legal fees and settlement expense related to patent litigation. There were no pro forma items in the first quarter of 2008.
You May Also Be Interested In
- UPDATE: Bristow Group (BRS) Reports Better-Than-Expected Q4 Results; Offers FY13 Outlook
- Monro Muffler (MNRO) Tops Q4 EPS by 1c; Comps About Flat; Guides FY13 EPS Below Views
- Synopsys, Inc. (SNPS) Misses Q2 EPS by 2c; Issues Confident Q3 Outlook; Guides FY12
Create E-mail Alert Related Categories
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
