Black Diamond, Inc. (BDE) Misses Q2 EPS by 3c, Updates Guidance

Black Diamond, Inc. (NASDAQ: BDE) reported Q2 EPS of ($0.11), $0.03 worse than the analyst estimate of ($0.08). Revenue for the quarter came in at $34.4 million, may not compare to the consensus estimate of $43.65 million.

2014 Outlook

Black Diamond has revised its fiscal year 2014 guidance to reflect the divestiture of Gregory Mountain Products. Sales from continuing operations are now expected to range between $192 million and $197 million, which would represent an increase of approximately 14% to 17% from 2013. The Company also now expects gross margin from continuing operations in 2014 to range between 38.5% and 39.0%, which would represent an increase of approximately 130 to 180 basis points from 2013 pro forma amount.

Second half 2014 sales are expected to range between $113 million and $118 million, implying an increase of approximately 15% to 20% from the same period in 2013. The Company expects gross margin to range between 39.5% to 40.5%, which would represent an increase of approximately 160 to 260 basis points from the second half of 2013 pro forma amount.

(Street sees Q2 and FY revenue of $58.85 and $216.95 million. Estimates may not compare.)

For earnings history and earnings-related data on Black Diamond, Inc. (BDE) click here.

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