Data I/O Reports First Quarter 2019 Results

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Go back to Data I/O Reports First Quarter 2019 Results

Data I/o Corp (DAIO) Misses Q1 EPS by 1c, Revenues Miss

April 25, 2019 4:01 PM EDT

Data I/o Corp (NASDAQ: DAIO) reported Q1 EPS of $0.00, $0.01 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $6.1 million versus the consensus estimate of $7.1 million.

Commenting on the first quarter ended March 31, 2019, Anthony Ambrose, President and CEO of Data I/O Corporation, said, The first quarter was highlighted by strong margins, expense controls, and favorable variances amid the continued down cycle for the industry as capacity is absorbed. Discretionary and variable spending were lower than in the prior year. Data I/Os financial condition remains strong... More