DRCO: Positive Preannouncement from Dynamics Research
By William Trent, CFA of Stock Market Beat Small-cap watch list member Dynamics Research (DRCO) pre-announced earnings for the fourth quarter that were within the company’s guidance range but above the consensus estimate. According to the News Release: The company…
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By William Trent, CFA of Stock Market Beat
Small-cap watch list member Dynamics Research (DRCO) pre-announced earnings for the fourth quarter that were within the company’s guidance range but above the consensus estimate. According to the News Release:
The company reported preliminary revenue for the fourth quarter of 2006 of approximately $60 million, consistent with previously issued guidance of $59 to $62 million. For the year ended December 31, 2006 preliminary revenue was approximately $259 million. Earnings per diluted share are expected to be in the high end of the range of previously issued guidance of $0.13 to $0.16 per diluted share for the fourth quarter and $0.40 to $0.43 for the full year 2006.
The consensus was expecting $0.13 in earnings per share on $59 million in revenue.
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