Intricon Corporation (IIN) Misses Q1 EPS by 1c

Intricon Corporation (NASDAQ: IIN) reported Q1 EPS of $0.05, $0.01 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $1.83 billion versus the consensus estimate of $18.62 million.

“We are pleased to report year-over-year growth from a net sales and gross margin standpoint. We consciously increased our investment in the first quarter to accelerate expansion in value hearing health, which resulted in a slight decline in net income attributable to IntriCon shareholders,” said Mark S. Gorder, president and chief executive officer. “Our recent value hearing health efforts are beginning to gain traction and we delivered first-quarter net sales gains both year over year and sequentially. We intend to continue focusing our resources on building the infrastructure required to secure high-potential growth opportunities in the value hearing health market.”

For earnings history and earnings-related data on Intricon Corporation (IIN) click here.

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