EPS & Earnings ... Hits & Misses

[madrose1]

* LAYN $39 ~$45 beats by $0.18 Reports Q1 (Apr) earnings of $0.52 per share, $0.18 better than the Reuters Estimates consensus of $0.34; revenues rose 28.6% year/year to $201.6 mln vs the $188.3 mln consensus.

Oppenheimer notes that LAYN reported results well ahead of their expectations, fueled by out-performance in all three business lines. Despite this showing, mgnt offered a tempered outlook for the balance of the year, citing the need for all its businesses to contribute at high levels, as YoY comps get very tough throughout the year. Firm also beleives shares are fairly valued.