Shocking 45% upside surprise by DTLK, caught everyone off guard.
The company now expects fourth quarter 2010 revenues to be approximately $90 million. This is up over 70% from revenues of $51.8 million in the fourth quarter of 2009, and up over 45% from revenues of $60.2 million in the third quarter of 2010. At the end of the third quarter of 2010 the company had provided revenue guidance of between $75.0 million and $80.0 million for the fourth quarter of 2010.
On a GAAP basis the company expects earnings per share to be in the range of $0.15 per share to $0.18 per share. On a non-GAAP basis the company expects earnings per share in the range of $0.21 per share to $0.24 per share. The company’s previous guidance was for GAAP earnings per share to be in the range of $0.09 per share to $0.13 per share, and non-GAAP earnings to be in the range of $0.12 per share to $0.16 per share.
The company ended the year with a record fourth quarter backlog of over $47 million.
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