Revenue has risen the past four quarters. Revenue increased 3.6% to $1.49 billion in the first quarter. The figure rose 20.6% in the fourth quarter of the last fiscal year from the year earlier and climbed 10.2% in the third quarter of the last fiscal year from the year-ago quarter.
The company has now seen net income fall in each of the last two quarters. In the first quarter, net income fell 32.1% from the year-earlier quarter.
The company met estimates last quarter after toppling them in the two previous quarters. In the first quarter, it topped the mark by 2 cents, and in the fourth quarter of the last fiscal year, it was ahead by 6 cents.
Looking Forward: Analysts have a positive outlook for the company’s performance next quarter. Over the past seven days, the average estimate for the third quarter has gone up to 20 cents a share from 19 cents. The average estimate for the fiscal year has remained at 86 cents per share.