NICE Systems Ltd. Earnings: Here’s Why the Stock is Rising Now
NICE Systems Ltd. (NASDAQ:NICE) delivered a profit and beat Wall Street’s expectations, BUT 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 up 0.35%.
NICE Systems Ltd. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 9.37% to $0.70 in the quarter versus EPS of $0.60 in the year-earlier quarter.
Revenue: Rose 11.26% to $237.68 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: NICE Systems Ltd. reported adjusted EPS income of $0.70 per share. By that measure, the company beat the mean analyst estimate of $0.66. It missed the average revenue estimate of $245.56 million.
Quoting Management: “We are pleased to report record results for the fourth quarter and full year 2012. We ended the year with strong bookings, a record backlog and a healthy pipeline, and expect 2013 to be another year of profitable growth,” said Zeevi Bregman, President and CEO of NICE Systems.
Key Stats (on next page)…