The 10-second takeaway
For the quarter ended April 1 (Q1), Intermec met expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly and GAAP loss per share expanded.
Margins shrank across the board.
Intermec logged revenue of $179.7 million. The one analyst polled by S&P Capital IQ expected to see revenue of $179.1 million on the same basis. GAAP reported sales were 0.6% higher than the prior-year quarter's $178.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.21. The one earnings estimate compiled by S&P Capital IQ predicted -$0.26 per share. GAAP EPS were -$0.27 for Q1 compared to -$0.10 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 36.7%, 220 basis points worse than the prior-year quarter. Operating margin was -11.2%, 980 basis points worse than the prior-year quarter. Net margin was -9.1%, 570 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $206.5 million. On the bottom line, the average EPS estimate is $0.00.
Next year's average estimate for revenue is $831.7 million. The average EPS estimate is -$0.10.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 105 members rating the stock outperform and 26 members rating it underperform. Among 34 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give Intermec a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Intermec is outperform, with an average price target of $10.00.
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