UniTek Global Services (UNTK) Post Wider Q1 Loss, Sales Miss

UniTek Global Services (NASDAQ: UNTK) reported Q1 EPS of ($1.02), which may note compare to the analyst estimate of ($0.18). Revenue for the quarter came in at $88.6 million versus the consensus estimate of $101.5 million.

Andrew Herning, Chief Financial Officer, added, "While the first quarter was a challenging quarter operationally, we kept our expenses down, realizing a 22% decrease in SG&A expenses year-over-year. We remain focused on wireless customer diversification, generating positive cash flow to reduce our debt, maintaining and improving our liquidity and running our business in an efficient and cost effective manner."

For earnings history and earnings-related data on UniTek Global Services (UNTK) click here.

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