Earnings per Share: GAAP net income per share2 of $0.42 compared to GAAP net income per share
of $1.05 in the first quarter of fiscal 2019; non-GAAP net income per share
of $0.65, compared to non-GAAP net income per share
of $1.04 in the first quarter of fiscal 2019
GAAP net income per share
of USD 0.05 in the quarter compared to a GAAP loss of USD 0.07 per share in the second quarter last year.
Net income more than doubled to $15.8 million, and the net income per share
improved from 21 cents to 45 cents per share.
Net income per share
on a fully diluted basis remained flat at USD0.13 per share for both the Q2 2019 and 2018, respectively.
The net income per share
was USD 0.12 for the three months ended June 30, 2019 and USD 0.10 for the three months ended June 30, 2018.
We are updating our FY19 diluted net income per share
guidance to $16.14-$17.14 per share as a result of the 79c per share charge related to the tax credit investment loss.
Earnings per Share: GAAP net income per share
2 of $1.59 compared to GAAP net income per share
of $1.06 in the fourth quarter of fiscal 2018; non-GAAP net income per share
of $1.22, compared to non-GAAP net income per share
of $1.12 in the fourth quarter of fiscal 2018
Net income per share
was also affected by the increase in total average common shares outstanding, which increased from 4,933,687 shares (diluted) in the third quarter of 2017 to 8,073,743 shares (diluted) in third quarter 2018, as a result of a successful $25.1 million private placement on common stock by the Company at the end of September 2017.
Diluted net income per share
was50 cents, down 45 percent from 91 cents per diluted net income per share
in the first quarter of 2017.<br />The driller missed Wall Street's expectations for revenue for the first quarter by $25.57 million, reporting $325.4 million, down 2 percent from $333 million a year earlier.<br />Earnings before interest, taxes, depreciation and amortization fell for the first quarter, totaling $236 million, down 3 percent from the same quarter of the previous year when it was $244.2 million.<br />Net production increased by nearly 52 percent for the quarter, averaging 1.2 billion cubic feet per day.<br />Adjusted EBITDA was $247.9 million, up nearly 73 percent from the same period the previous year when it reported $143.6 million.
The transaction is expected to be dilutive to Trimble's 1Q18 non-GAAP net income per share
by USD 0.01 per share and dilutive to full year 2018 non-GAAP net income per share
by USD 0.02 to USD 0.03 per share.
Fully diluted net income per share
was USD2.71 in 2014 over fully diluted net income per share
of USD1.96 in 2013.
Second-quarter adjusted net income per share
increased to $0.64 in 2011 from $0.61 in 2010.