Fleetmatics Q1 Adj. Profit Beats View, Affirms Full-year Outlook - Quick Facts

(RTTNews) - Fleetmatics Group PLC (FLTX) reported that its first-quarter net income increased to $3.6 million or $0.09 per share from $3.0 million or $0.08 per share in the year-ago period. Adjusted earnings for the quarter were $0.19 per share, compared to $0.15 per share in the prior-year quarter.

On average, eight analysts polled by Thomson Reuters expected the company to report earnings per share of $0.16 for the quarter. Analysts' estimates typically exclude special items.

Total revenue for the quarter grew 35 percent to $51.9 million from $38.4 million in the year-ago period. Analysts had a consensus revenue estimate of $52.12 million for the quarter.

Looking ahead, Fleetmatics forecast revenue for the second quarter in a range of $54.5 million to $55.4 million and adjusted earnings per share of $0.15 to $0.17. Analysts expect the company to report earnings of $0.19 per share for the quarter on revenue of $55.41 million.

For fiscal 2014, the company affirmed its outlook for total revenue in a range of $228.0 million to $230.0 million and adjusted earnings per share of $0.80 to $0.85. Analysts expect the company to report earnings of $0.83 per share for the year on revenue of $229.31 million.