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KVH Industries Inc Issues Q1, FY 2013 Guidance; EPS Guidance Below Analysts' Estimates

Tuesday, 12 Feb 2013 07:00am EST 

KVH Industries Inc announced that for first quarter of 2013, it expects revenue to be in the range of $37-$40 million, up 38% to 50% compared to the first quarter last year and expect both mini-VSAT Broadband and guidance and stabilization revenues to achieve strong year-over-year growth. The Company expects net income in the range of $0.10 to $0.15 per diluted share compared to a net loss per share of ($0.09) in the first quarter of 2012. For fiscal 2013, it expects top line growth to be in the range of 10%-17% which equates to $151 million to $160 million in revenue. The Company expects earnings per share (EPS) to be in the range of $0.37 to $0.48 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $40 million and EPS of $0.16 for first quarter of 2013; revenue of $160 million and EPS of $0.64 for fiscal 2013. 

Company Quote

-0.03 -0.23%
4:00pm EDT