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What: Shares of cellular supply chain specialist Brightpoint
So what: For the third quarter, Brightpoint saw its revenue advance 3% from the prior year to $889 million, comfortably ahead of the $861 million in sales that Wall Street was looking for. The bottom line also surprised to the upside as adjusted earnings per shares came in at $0.23 versus a $0.17 expectation. The company handled 24.9 million total units during the quarter, up 14% from the prior year.
Now what: Brightpoint plays middleman for the wireless industry, making sure that phones get from the manufacturers to the sales outlets where customers are shopping. It works with big boys like Apple
Interested in more info on Brightpoint? Add it to your watchlist here.
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