Symbolic Logic Inc. (EVOL)

[eastunder]

EVOL: Q1 Adj EPS 11c vs 14c Misses 12c Est

Wednesday, May 11, 2011 16:02ET

QUARTER RESULTS
Evolving Systems Inc (EVOL) reported Q1 results ended March 2011. Q1 Revenues were $8.60M; -11.43% vs yr-ago; BEATING revenue consensus by +3.99%. Q1 EPS was 8c. Adjusted Q1 EPS was 11c; -21.43% vs yr-ago; MISSING earnings consensus by -8.33%.

Q1 RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Revenues:         $8.60M        $9.71M     -11.43%        $8.27M      +3.99% 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 EPS:                  8c           N/A         N/A           N/A         N/A 
 Adj EPS:             11c           14c     -21.43%           12c      -8.33% 
 ----------  ------------  ------------  ----------  ------------  ----------