MICROS Systems Q1 Profit Down - Quick Facts

(RTTNews) - MICROS Systems, Inc. (MCRS) Thursday reported fist-quarter profit of $32.27 million or $0.42 per share, down from $41.06 million or $0.50 per share in the same period last year.

Adjusted earnings for the quarter was $38.6 million or $0.50 per share. On average, 11 analysts polled by Thomson Reuters expected the company to earn $0.50 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $314.72 million from $299.85 million last year. Analysts expected revenues of $310.28 million.

Looking ahead, the company continues to project fiscal 2014 adjusted earnings in the range of $2.46 to $2.50 per share, with revenues ranging between $1.295 billion and $1.32 billion. Analysts currently expect the company to report full-year earnings of $2.46 per share on revenues of $1.31 billion.