Jamba, Inc. Reports 57% Decline In Q2 Earnings

(RTTNews) - Jamba, Inc. (JMBA) reported earnings for second quarter that fell from last year.

The company said its bottom line fell to $1.34 million, or $0.09 per share. This was down from $3.14 million, or $0.19 per share, in last year's second quarter.

Analysts had expected the company to earn $0.19 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 60.2% to $21.54 million. This was down from $54.13 million last year.

Jamba, Inc. earnings at a glance:

-Earnings (Q2): $1.34 Mln. vs. $3.14 Mln. last year. -Earnings Decline (Y-o-Y): -57.3% -EPS (Q2): $0.09 vs. $0.19 last year. -EPS Decline (Y-o-Y): -52.6% -Analysts Estimate: $0.19 -Revenue (Q2): $21.54 Mln vs. $54.13 Mln last year. -Revenue Change (Y-o-Y): -60.2%

-Guidance: Full year revenue guidance: $80-$82 Mln