KIT digital, Inc. (KITD) Misses Q1 EPS by 12c; Finds Material Weakness

KIT digital, Inc. (NASDAQ: KITD) reported Q1 EPS of ($0.17), $0.12 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $59 million versus the consensus estimate of $68.95 million.

Sees FY12 revenues baseline of $250 million. Finds material weakness in financial controls.

For earnings history and earnings-related data on KIT digital, Inc. (KITD) click here.

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