NetSol Technologies, Inc. (NTWK) Reports Q1 Loss of $0.03, Announces Buyback Plan & Q2 Guidance
Tweet Send to a FriendGet Alerts NTWK Hot Sheet
Price: $10.44 +2.15%
Revenue Growth %: +37.0%
Financial Fact:
Salaries and wages: 1.38M
Today's EPS Names:
LBIX, ESEA, ISS, More
Revenue Growth %: +37.0%
Financial Fact:
Salaries and wages: 1.38M
Today's EPS Names:
LBIX, ESEA, ISS, More
Trade NTWK Now!
NetSol Technologies, Inc. (NASDAQ: NTWK) reported Q1 EPS of ($0.03), versus $0.04 reported last year. Revenue for the quarter came in at $6.2 million, versus $8.4 million reported last year.
NetSol also announced today that its Board of Directors has approved a program authorizing the repurchase of up to 2.5 million shares of the company's common stock over a period of up to six months.
NetSol expects sequential revenue growth of 15 to 20 percent between the first and second quarter of fiscal 2012. The company also anticipates improvement in its bottom line for the second quarter and providing quarterly guidance once the global economic environment improves.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
NetSol also announced today that its Board of Directors has approved a program authorizing the repurchase of up to 2.5 million shares of the company's common stock over a period of up to six months.
NetSol expects sequential revenue growth of 15 to 20 percent between the first and second quarter of fiscal 2012. The company also anticipates improvement in its bottom line for the second quarter and providing quarterly guidance once the global economic environment improves.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Applied Materials, Inc. (AMAT) Tops Q2 EPS by 3c, Offers Guidance
- Sina Corp (SINA) Tops Q1 EPS by 5c, Offers Guidance
- Brady Corp. (BRC) Misses Q3 EPS by 5c; Guides Q4 EPS Below Views
Create E-mail Alert Related Categories
Earnings, Guidance, Stock Buybacks
Login with Facebook
Sign 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!
