UPDATE 1-DDi Corp Q2 beats estimates, shares rise

Thu Jul 29, 2010 5:21pm EDT

* Q2 EPS $0.29 vs est. $0.19

* Q2 rev up 84 pct, above view of $64.8 mln

* Sees 2010 sales growth of 20-25 pct

* Shares up 7 pct in extended trade

July 29 (Reuters) - DDi Corp (DDIC.O), a printed circuit board engineering and manufacturing services provider, posted a quarterly profit ahead of estimates, helped by its commercial unit sales, sending its shares up 7 percent in extended trade.

The company said it was raising its 2010 net sales growth outlook in the range of 20 percent to 25 percent over 2009 pro-forma sales of $220 million.

For the second-quarter, the company earned $6 million, or 29 cents a share, compared with $0.4 million, 2 cents a share, a year ago.

Revenue rose 84 percent to $68.4 million as the company reported second-quarter bookings of about $69.7 million.

Analysts had expected earnings of 19 cents a share, on revenue of $64.8 million, according to Thomson Reuters I/B/E/S.

Shares of the Anaheim, California-based company were trading at $9.00, after closing at $8.45 Thursday on Nasdaq. (Reporting by Soham Chatterjee in Bangalore; Editing by Unnikrishnan Nair)

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