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What: SMART Technologies
So what: EPS of $0.01 fell short of the consensus estimate of $0.08. Revenue grew 8% year over year and operating expenses increased 28% year over year as the company stepped up spending on research and development and selling, general, and administrative expenses.
Now what: This digital whiteboard maker said it is suffering from weak spending in the North American education sector. Given the budget shortfalls at state and local governments in the U.S., this weakness could persist. That combined with limited and lumpy earnings history means investing in SMART Technologies may not be a smart move.
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