Vasco Data Security International Announces 43% Decline In Q1 Earnings

(RTTNews) - Vasco Data Security International (VDSI) reported a profit for first quarter that declined from last year.

The company said its earnings fell to $3.2 million, or $0.08 per share. This was down from $5.6 million, or $0.14 per share, in last year's first quarter.

The company said revenue for the quarter fell 10.3% to $41.97 million. This was down from $46.77 million last year.

Vasco Data Security International earnings at a glance:

-Earnings (Q1): $3.2 Mln. vs. $5.6 Mln. last year. -Earnings Decline (Y-o-Y): -42.9% -EPS (Q1): $0.08 vs. $0.14 last year. -EPS Decline (Y-o-Y): -42.9% -Revenue (Q1): $41.97 Mln vs. $46.77 Mln last year. -Revenue Change (Y-o-Y): -10.3%

-Guidance: Full year EPS guidance: $180 - $190 Mln