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07.08.2013 23:12:16

Fleetmatics Group Posts Q2 Profit - Quick Facts

(RTTNews) - Fleetmatics Group Plc (FLTX) Wednesday reported second-quarter profit of $5.7 million or $0.16 per share, compared to a loss of $1.4 million or $0.99 per share in the same period last year.

Adjusted earnings for the quarter was $8.3 million or $0.23 per share. On average, six analysts polled by Thomson Reuters expected the company to earn $0.17 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 39.1 percent to $42.5 million from $30.6 million last year. Analysts expected revenues of $41.20 million.

Looking ahead to the third quarter, the company has forecast adjusted earnings in the range of $0.20 to $0.22 per share, with revenues in the order of $44.3 million to $44.7 million. Analysts currently expect third-quarter earnings of $0.19 per share on revenues of $42.59 million.

For the fiscal 2013, the company currently projects adjusted earnings in the range of $0.79 to $0.82 per share with revenues between $171.2 million and $172.7 million. Analysts currently expect the company to report full-year earnings of $0.73 per share on revenues of $167.70 million.

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