Brightpoint quarterly estimate below expectations

Back to TopCommentsE-mailPrintBookmark and Share

Cell phone distributor Brightpoint Inc. on Monday predicted fourth-quarter results below analyst estimates, sending shares down in aftermarket activity.

The Indianapolis-based company estimated adjusted operating income from continuing operations between 13 cents and 18 cents per share. On average, analysts polled by Thomson Reuters predicted earnings per share of 19 cents.

Brightpoint estimated it handled 22 million to 24 million wireless devices in the fourth quarter, which ended Dec. 31. The total for the year was estimated to be between 81 million and 83 million devices, a drop of about 5 percent from 2008.

After the market closed, shares of Brightpoint slid 58 cents, or 7.5 percent, to $7.18 each. The stock has ranged from $3.06 to $9.29 per share over the past year.


  • Could it be?
    Could it be more news will come out about Brightpoint in the Tim Durham investigation?

Post a comment to this story

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
Subscribe to IBJ