NCI Earnings: Here’s Why the Stock is Up 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. Shares are up 0.16%.
NCI, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 25% to $0.15 in the quarter versus EPS of $0.12 in the year-earlier quarter.
Revenue: Decreased 7.65% to $91.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: NCI, Inc. reported adjusted EPS income of $0.15 per share. By that measure, the company beat the mean analyst estimate of $0.08. It beat the average revenue estimate of $81.92 million.
Quoting Management: “Our team delivered strong first quarter results, which have us off to a solid start this year,” said Bob Jornayvaz, Intrepid`s Executive Chairman of the Board. “We developed and continue to utilize a deliberate approach to growing our customer base by diversifying our product offerings, adding marketing flexibility, leveraging our geographic advantage, and building strong relationships.
Key Stats (on next page)…