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Black Diamond Misses EPS Estimates, Beats Sales

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Black Diamond Inc (NASDAQ: BDE) released Q2 results after market close on Monday. Earnings per share came in above Wall Street consensus expectations.

Black Diamond reported EPS of $(0.08) and revenues of $29.1 million. Analyst consensus had an EPS estimate of $(0.06) and revenues of $28.32 million.

"Our second quarter was highlighted by continued growth in our North American business and strength in our global direct-to-consumer channel," said Mark Ritchie, Black Diamond Equipment's brand president. "We also experienced low double-digit growth in our independent global distributor business, as markets like Japan and Korea have begun to replenish their inventory after a period of industry consolidation and other market headwinds."

Management noted continued foreign exchange challenges, particularly in Europe, "impacted both revenue and gross margin."

Black Diamond shares closed Monday's session at $4.22.

 

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Posted-In: Earnings News After-Hours Center