NetSol Technologies, Inc. (NTWK) Reports Q1 Loss of $0.03, Announces Buyback Plan & Q2 Guidance
Tweet
Share
E-mailGet Alerts NTWK Hot Sheet
Price: $4.57 +5.06%
Financial Fact:
Basic (in Shares): 10.7M
Today's EPS Names:
ALZN, ASPU, OCCI, More
Financial Fact:
Basic (in Shares): 10.7M
Today's EPS Names:
ALZN, ASPU, OCCI, More
Join SI Premium – FREE
NetSol Technologies, Inc. (NASDAQ: NTWK) reported Q1 EPS of ($0.03), versus $0.04 reported last year. Revenue for the quarter came in at $6.2 million, versus $8.4 million reported last year.
NetSol also announced today that its Board of Directors has approved a program authorizing the repurchase of up to 2.5 million shares of the company's common stock over a period of up to six months.
NetSol expects sequential revenue growth of 15 to 20 percent between the first and second quarter of fiscal 2012. The company also anticipates improvement in its bottom line for the second quarter and providing quarterly guidance once the global economic environment improves.
NetSol also announced today that its Board of Directors has approved a program authorizing the repurchase of up to 2.5 million shares of the company's common stock over a period of up to six months.
NetSol expects sequential revenue growth of 15 to 20 percent between the first and second quarter of fiscal 2012. The company also anticipates improvement in its bottom line for the second quarter and providing quarterly guidance once the global economic environment improves.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Lennar Corp. (LEN) Misses Q3 EPS by 10c
- Vicor raises Q3 2026 revenue guidance on new licensing deal
- Intuit holds investor day, reaffirms fiscal 2027 guidance
Create E-mail Alert Related Categories
Earnings, Guidance, Stock BuybacksSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
