Vasco Data Security International Reveals 64% Drop In Q1 Bottom Line

(RTTNews) - Vasco Data Security International (VDSI) reported a profit for first quarter that decreased compared to the same period last year.

The company said its bottom line dropped to $5.6 million, or $0.14 per share. This was down from $15.5 million, or $0.39 per share, in last year's first quarter.

The company said revenue for the quarter fell 28.2% to $46.77 million. This was down from $65.14 million last year.

Vasco Data Security International earnings at a glance:

-Earnings (Q1): $5.6 Mln. vs. $15.5 Mln. last year. -Earnings Decline (Y-o-Y): -63.9% -EPS (Q1): $0.14 vs. $0.39 last year. -EPS Decline (Y-o-Y): -64.1% -Revenue (Q1): $46.77 Mln vs. $65.14 Mln last year. -Revenue Change (Y-o-Y): -28.2%

-Guidance: Full year EPS guidance: $205 - $215 Mln