Xunlei (XNET) Tops Q1 EPS by 3c

Xunlei (NASDAQ: XNET) reported Q1 EPS of $0.04, $0.03 better than the analyst estimate of $0.01. Revenue for the quarter came in at $30.2 million versus the consensus estimate of $39.7 million.

Guidance for Second Quarter 2015

For the second quarter of 2015, Xunlei estimates total revenues from continuing operations to be between US$25 million to US$29 million, the midpoint of the range representing a year over year decrease of 18.9% and a quarter-over-quarter decline of 10.6%, respectively. This estimate represents management's preliminary view as of the date of this release, which is subject to change and change could be material.

*** The Street sees Q2 revenue of $43.6 million.

For earnings history and earnings-related data on Xunlei (XNET) click here.

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