Digital printing operation Electronics for Imaging (EFII) posted third-quarter results below analysts’ expectations on lower margins at its inkjet business.
For the quarter ended September 30, 2007, the EFII reported revenues of $158.3 million, up approximately 15% when compared to third quarter 2006 revenue of $138.2 million.
GAAP net income was $8.1 million or $0.13 per diluted share in the third quarter of 2007, compared to a net loss of $27.7 million or $0.49 per diluted share for the same period in 2006
For the fourth quarter of 2007, the Company expects revenues in the range of $160 million to $165 million.
That seemed to upset investors.
Douglas A. McIntyre
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
