Exponent, Inc. (EXPO) Reports In-Line Q2 EPS; Trims Outlook
Get Alerts EXPO Hot Sheet
Revenue Growth %: -10.2%
Financial Fact:
Total other income (expense), net: 2.33M
Today's EPS Names:
SFST, VLTO, CLIR, More
Join SI Premium – FREE
Exponent, Inc. (NASDAQ: EXPO) reported Q2 EPS of $0.43, in-line with the analyst estimate of $0.43. Revenue for the quarter came in at $77.3 million versus the consensus estimate of $80.46 million.
“Based on our performance in the first half of the year and the near-term market trends, we are reducing our 2016 expectations,” commented Richard Schlenker, Executive Vice President and Chief Financial Officer.
- Revenues before reimbursements are expected to be down 1% to 2% for the year as compared to 2015.
- Underlying growth is expected to be in the low single digits, excluding the impact of the major project completion in the third quarter of 2015.
- 2016 EBITDA1 margin is expected to decline approximately 200 to 250 basis points as compared to 2015, as a result of lower utilization.
“We believe that Exponent’s multi-disciplinary teams are uniquely positioned to capitalize on society’s increased focus on product safety, human health and the environment, as well as an increasing technological complexity of products. Exponent’s market position will allow us to continue to deliver value to our clients and shareholders," concluded Dr. Johnston.
For earnings history and earnings-related data on Exponent, Inc. (EXPO) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla touts acceleration of new models, but Q1 results fall short of estimates
- Baker Hughes Company (BKR) Tops Q1 EPS by 4c, Beats on Revenue
- Seagate Technology (STX) Tops Q3 EPS by 4c; offers Q4 guidance
Create E-mail Alert Related Categories
Earnings, Guidance, Hot Guidance, Management CommentsRelated Entities
EarningsSign 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!