Key Developments For Volcom Inc
Volcom Inc (VLCM.O) (Nasdaq)
Volcom Inc. Issues Q4 2009 Guidance; EPS Guidance Below Analysts' Estimates; Issues FY 2009 Guidance Above Analysts' Estimates
Volcom Inc. announced that for the fourth quarter of 2009, it expects total consolidated revenues of approximately $59-$62 million and earnings per diluted share (EPS) to be in the range of $0.01-$0.04 per share. For fiscal 2009, it expects consolidated revenue to be in the range of $275-$278 million. This translates to diluted earnings per share for fiscal 2009 in the range of $0.76-$0.79. According to Reuters Estimates, analysts are expecting the Company to report EPS of $0.10 on revenues of $61 million for the fourth quarter of 2009; EPS of $0.68 on revenues of $268 million for fiscal 2009.
Volcom Inc. Issues Q3 2009 Guidance Below Analysts' Estimates
Volcom Inc. announced that for the third quarter 2009, it expects total consolidated revenues of approximately $82-$85 million and earnings per diluted share (EPS) in the range of $0.35-$0.38 per share. According to Reuters Estimates, analysts were expecting the Company to report revenue of $93 million and EPS of $0.46 for the same period.
Volcom Inc. Issues Q2 2009 Guidance Below Analysts' Estimates
Volcom Inc. announced that for second quarter of 2009, it expects total consolidated revenues of approximately $47-$50 million and earnings (EPS) in the range of breakeven to a loss of approximately $0.03 per share. According to Reuters Estimates, analysts were expecting the Company to report revenues of $58 million and EPS of $0.04 for the same period.
Volcom Inc. Issues Q1 2009 Guidance Below Analysts' Estimates; Suspends Annual Guidance
Volcom Inc. announced that for first quarter of 2009, it expects revenue to be in the range of $62-$65 million and fully diluted earnings per share (EPS) to be in the range of $0.13-$0.16. The Company also announced that due to the uncertainty of the global economy and the lack of visibility into future business and market trends compared to that which has historically been available to the Company, it is currently suspending its practice of providing annual revenue and earnings guidance until such time when it has better clarity into its business. According to Reuters Estimates, analysts were expecting the Company to report revenues of $75 million and EPS of $0.26 for first quarter of 2009.
Volcom Inc. Issues Q4 2008 Guidance Below Analysts' Estimates; Lowers FY 2008 Guidance
Volcom Inc. announced that for fourth quarter of 2008, it expects consolidated revenues of approximately $69-$71 million and fully diluted earnings per share (EPS) to be in the range of $0.17-$0.19. The Company updated fiscal 2008 guidance and expects consolidated revenue guidance to between $333-$335 million. This translates to diluted EPS for fiscal 2008 in the range of $1.42-$1.44. In July the Company expected consolidated revenue of between $344-$347 million and fully diluted EPS of $1.50-$1.53. According to Reuters Estimates, analysts were expecting the Company to report revenues of $80 million and EPS of $0.27 for fourth quarter of 2008; revenues of $343 million and EPS of $1.49 for fiscal 2008.
