Pharma Investments, Ventures & Law Weekly
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Pharma Investments, Ventures & Law Weekly
We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.
KVH Industries, Inc.
KVH Provides First Quarter Update
April 26th, 2009
KVH Industries, Inc., (NASDAQ:KVHI) announced that preliminary indications are that the company will report revenue of approximately $18 million for the first quarter of 2009 compared to revenue of $23.1 million in the year earlier period. Due to the revenue shortfall, the company's preliminary estimate is that it will report a loss of roughly $0.18 per share for the first quarter, below its original expectations of a more modest loss. In the first quarter of 2008, KVH reported net income of $1.6 million or $0.11 on a per-diluted share basis. The company's prior guidance anticipated that first quarter 2009 revenue would be approximately 10% lower than the same period...
Source: Pharma Investments, Ventures & Law Weekly (2009-04-26)
|
