Electronics for Imaging Shares Popped: What You Need to Know (EFII)

Electronics for Imaging Shares Popped: What You Need to Know

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Electronics for Imaging (Nasdaq: EFII ) popped 21% in intraday trading today after preliminary first-quarter results walloped expectations.

So what: The company issued a press release updating first-quarter guidance to revenue of $139 million to $140 million and non-GAAP EPS of $0.27 to $0.28. That compares to prior guidance of $128 million in revenue and non-GAAP EPS of $0.14 to $0.16. The consensus forecast called for revenue of $128 million and non-GAAP EPS of $0.16.

Now what: The press release indicated that "robust demand" across all three business segments drove first-quarter revenue growth of about 25% year-over-year. It also said strategic initiatives aimed at improving profit margins are showing "solid results." The company plans to report detailed first-quarter results after the market closes on April 25.

Interested in more info on Electronics for Imaging? Add it to your watchlist by clicking here.

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Fool contributor Cindy Johnson does not own shares of any company named above. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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