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: Shares of Electronics For Imaging
So what: Revenue came out at $160.1 million, topping the market's expectations of $154.9 million. The bottom line was on target with estimates at $0.28 earnings per share. The company saw particular strength in industrial inkjets and productivity software.
Now what: The quarter represented EFI's ninth consecutive quarter of double-digit sales growth along with record inkjet and software sales. CEO Guy Gecht was happy to report a solid quarter that's typically slow seasonally. Looking forward, second-quarter revenue is expected to put up roughly a 15% gain over last year.
Interested in more info on Electronics For Imaging? Add it to your watchlist by clicking here.
Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.