May 2 (Reuters) - Black Diamond Inc
* Black Diamond reports first quarter 2016 results
* Q1 adjusted loss per share $0.07 from continuing operations excluding items
* Q1 loss per share $0.13 from continuing operations
* Sees fy 2016 sales about $145 million to $150 million
* Q1 sales $38.2 million versus i/b/e/s view $36.4 million
* Q1 earnings per share view $-0.03 -- Thomson Reuters I/B/E/S
* Q1 adjusted loss per share $0.07 excluding items
* Reaffirms its fiscal year 2016 sales expectation of approximately $145-$150 million compared to $155.3 million in 2015
* For 2016 expects gross margin of approximately 35.8%-36.8%, an increase of 90-190 basis points compared to 2015 Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)
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