Reports Q1 revenue $631M, consensus $609.1M. “Our Q1 results were stronger than expected, driven by higher revenue, gross margin, and cash flow,” said CEO Scott Baxter. “We are pleased with another quarter of market share gains and the improvement we saw in POS and retailer inventories over the course of Q1. As a result of our strong start to the year and increased visibility into gross margin expansion, we are raising our full year earnings outlook.”
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KTB:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue