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Fundtech Ltd. (FNDT) Tops Q1 EPS by 3c, Raises FY11 Guidance and Posts Q2 Outlook

May 4, 2011 7:25 AM EDT
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Price: $23.23 --0%

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Fundtech Ltd. (NASDAQ: FNDT) reported Q1 EPS of $0.23, $0.03 better than the analyst estimate of $0.20. Revenue for the quarter came in at $37.2 million versus the consensus estimate of $36.2 million.

Fundtech Ltd. sees FY2011 EPS of $1.03-$1.13, versus the consensus of $1.06. Fundtech Ltd. sees FY2011 revenue of $155-$160 million, versus the consensus of $155.27 million. This is up from the company's previous estimates of $154-$159 million in revenue and $1.00-$1.10 in EPS.

Fundtech Ltd. sees Q2 2011 EPS of $38.5-$39.5, versus the consensus of $38.09. Fundtech Ltd. sees Q2 2011 revenue of $0.23-$0.27 million, versus the consensus of $0.26 million.


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