Black Box (BBOX) Misses Q1 EPS by 9c, Sales In-Line

Black Box (NASDAQ: BBOX) reported Q1 EPS of $0.13, $0.09 worse than the analyst estimate of $0.22. Revenue for the quarter came in at $218.5 million versus the consensus estimate of $218.03 million.

“Since we delivered to our internal expectations, I am generally pleased with our results for the first quarter of Fiscal 2017,” stated E.C. Sykes, President and CEO. “We broke the recent cycle of under-performing in our first quarter and that is a success. We are laying the foundation for long-term growth and expect the comparisons to improve as the impacts from these actions flow through. Based on backlog and other factors at this point, we are focused on the work we have to do to deliver on our expectations for the second quarter.”

For earnings history and earnings-related data on Black Box (BBOX) click here.

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