Why Electronics For Imaging Popped

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What: Shares of Electronics For Imaging (NAS: EFII) have popped by as much as 10% today on the heels of its first quarter earnings release.

So what: Revenue came out at $160.1 million, topping the market's expectations of $154.9 million. The bottom line was on target with estimates at $0.28 earnings per share. The company saw particular strength in industrial inkjets and productivity software.

Now what: The quarter represented EFI's ninth consecutive quarter of double-digit sales growth along with record inkjet and software sales. CEO Guy Gecht was happy to report a solid quarter that's typically slow seasonally. Looking forward, second-quarter revenue is expected to put up roughly a 15% gain over last year.

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At the time thisarticle was published Fool contributorEvan Niuholds no position in any company mentioned.Click hereto see his holdings and a short bio. The Motley Fool has adisclosure policy. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.

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