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PowerSecure International, Inc. (NASDAQ:POWR) 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 down 0.42%.
PowerSecure International, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 160% to $0.13 in the quarter versus EPS of $0.05 in the year-earlier quarter.
Revenue: Rose 23.61% to $46.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: PowerSecure International, Inc. reported adjusted EPS income of $0.13 per share. By that measure, the company beat the mean analyst estimate of $0.11. It missed the average revenue estimate of $46.99 million.
Quoting Management: “Our record results in 2012, punctuated by our terrific fourth quarter, as well as our strong backlog and the robust early demand we are seeing from our distributed generation and utility infrastructure customers in 2013, plus the recent addition of our ESCO business, have PowerSecure in excellent position to achieve our 2015 objectives of $300 million in revenues with mid-double digit operating margins,” said Sidney Hinton, chief executive officer of PowerSecure.
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