MICROS Systems Earnings: Here’s Why Investors are Not Excited Now
MICROS Systems, Inc. (NASDAQ:MCRS) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 6.48%.
MICROS Systems, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 10.71% to $0.62 in the quarter versus EPS of $0.56 in the year-earlier quarter.
Revenue: Rose 13.33% to $315.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: MICROS Systems, Inc. reported adjusted EPS income of $0.62 per share. By that measure, the company met the mean analyst estimate of $0.62. It missed the average revenue estimate of $330.93 million.
Quoting Management: Peter A. Altabef, MICROS’s President and CEO, stated, “We continue to execute in a difficult environment and I am confident in our ability to meet not just the challenges but the opportunities which lie ahead.”
Key Stats (on next page)…