IBJNews

Brightpoint revenue, earnings exceed analyst expectations

Back to TopCommentsE-mailPrintBookmark and Share

Indianapolis-based Brightpoint Inc. on Wednesday reported fourth-quarter revenue and earnings exceeding analyst predictions.

The wireless phone distributor said revenue in the fourth quarter was $1.1 billion, an increase of 24 percent over the same period of 2009.

Adjusted income from continuing operations was $24 million, or 34 cents per share. That compares with $17.8 million, or 22 cents per share, in the fourth quarter of 2009.

Analysts expected revenue of $1 billion and adjusted earnings per share between 26 cents and 29 cents per share.

The company said it handled a record-high 29.1 million wireless units in the fourth quarter, an increase of 21 percent over the same period of 2009.

Brightpoint also disclosed that it paid $18.4 million for its recently announced acquisition of a 533,000-square-foot distribution facility in the AllPoints Midwest business park in Plainfield.

Brightpoint stock closed at $9.52 per share Wednesday prior to the release of its quarterly financials, its highest closing price since June 2, 2008.
 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
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
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

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