Brightpoint shares bask in afterglow of earnings report

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Shares of wireless phone distributor Brightpoint Inc. have shot up more than 28 percent since the Indianapolis company on Wednesday posted fourth-quarter earnings that beat analyst estimates.

At midday Friday, Brightpoint shares traded around $12.25 compared with $9.52 on Wednesday prior to the earnings release.

Sales of $1.1 billion for the quarter were up 24 percent over the prior-year period and above analysts’ $1 billion estimate.

Adjusted income from continuing operations was $24 million, or 34 cents a share, compared with $17.8 million or 22 cents a year ago. Analysts were expecting between 26 cents and 29 cents.

Brightpoint’s fourth quarter was a “blowout,” Merriman Capital analyst Scott Searle said in a new report. He cited unit growth and an accelerating shift to smartphones, which are now about one-third of the mix handled by Brightpoint.

Smartphones can be lucrative in that they can require more extensive programming and packaging services.

Among factors likely to fuel growth this year are Brightpoint’s prospects in Europe that should help drive new logistics business, said a recent report by Oppenheimer & Co.


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  1. John, unfortunately CTRWD wants to put the tank(s) right next to a nature preserve and at the southern entrance to Carmel off of Keystone. Not exactly the kind of message you want to send to residents and visitors (come see our tanks as you enter our city and we build stuff in nature preserves...

  2. 85 feet for an ambitious project? I could shoot ej*culate farther than that.

  3. I tried, can't take it anymore. Untill Katz is replaced I can't listen anymore.

  4. Perhaps, but they've had a very active program to reduce rainwater/sump pump inflows for a number of years. But you are correct that controlling these peak flows will require spending more money - surge tanks, lines or removing storm water inflow at the source.

  5. All sewage goes to the Carmel treatment plant on the White River at 96th St. Rainfall should not affect sewage flows, but somehow it does - and the increased rate is more than the plant can handle a few times each year. One big source is typically homeowners who have their sump pumps connect into the sanitary sewer line rather than to the storm sewer line or yard. So we (Carmel and Clay Twp) need someway to hold the excess flow for a few days until the plant can process this material. Carmel wants the surge tank located at the treatment plant but than means an expensive underground line has to be installed through residential areas while CTRWD wants the surge tank located further 'upstream' from the treatment plant which costs less. Either solution works from an environmental control perspective. The less expensive solution means some people would likely have an unsightly tank near them. Carmel wants the more expensive solution - surprise!