Brightpoint reports higher revenue, earnings

May 6, 2010

Brightpoint Inc. said Wednesday that its profit and revenue jumped in the first quarter as the Indianapolis-based wireless device distributor moved more units.

Revenue jumped to $795.3 million in the period ended March 31, an increase of 15 percent compared to the first quarter of 2009.

Adjusted income from continuing operations was $11.3 million, or 15 cents per share, compared to $5.2 million, or 6 cents per share, in the same quarter last year.

The earnings topped average analyst expectations by 6 cents per share.

Brightpoint handled 22.5 million units in the first quarter, a jump of 21 percent compared to the first quarter of 2009.

"I am very pleased we were able to deliver strong financial results for the first quarter of 2010," said Tony Boor, Brightpoint's chief financial officer and treasurer, in a prepared statement. "All of our regions exceeded our internal expectations for the first quarter..."


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