NCI Earnings: Everything You Must Know Now
NCI, Inc. (NASDAQ:NCIT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
NCI, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 27.27% to $0.14 in the quarter versus EPS of $0.11 in the year-earlier quarter.
Revenue: Decreased 9.09% to $82.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: NCI, Inc. reported adjusted EPS income of $0.14 per share. By that measure, the company beat the mean analyst estimate of $0.10. It beat the average revenue estimate of $78.64 million.
Quoting Management: “NCI continued to exceed expectations in generating revenue and earnings per share for the second quarter of 2013, and as a result, we have again raised our forecast for 2013,” said Charles K. Narang, NCI’s Chairman and CEO. “We believe we have taken the necessary steps here at NCI to better compete for and win new awards in the challenging Federal procurement environment we’re facing.”
Key Stats (on next page)…