Datum Expects Earnings to Surpass Estimates
- Share via
Datum Inc. expects earnings of 25 cents to 30 cents a share for the first quarter ended March 31, up sharply from earnings a year ago and surpassing an analyst’s estimates.
The Irvine company, which makes high-performance products for telecommunications networks, earned $328,000, or 5 cents a share, a year ago. An analyst had estimated quarterly earnings of 20 cents a share, according to First Call/Thomson Financial.
Revenue totaled about $33 million for the first quarter, up from $28.9 million in the first quarter last year.
Datum’s shares rose 9 cents to $12.71 on the Nasdaq market.
The company plans to report first-quarter results April 26.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
