Q: Good morning
What are your thoughts on DSG 3rd quarter earning looks looks like decent results?
Thks
Marcel
What are your thoughts on DSG 3rd quarter earning looks looks like decent results?
Thks
Marcel
5i Research Answer:
Earnings looked good with revenues of $187 mln vs $184 expected. EPS of $0.5 beat estimates of $0.46. Total revenues were up 11% and organic growth in services was 7% which is nice to see. DSG is also moving forward with a share repurchase plan for potentially up to 10% of shares. Overall it looked like a good quarter and markets appear to like it.