| Earnings Scorecard |
| Actual | Estimated* | Year-Ago |
| $0.40 | $0.38 | $0.34
|
 |
Pioneer-Standard Electronics(PIOS Quote - Cramer on PIOS - Stock Picks) reported third-quarter earnings today that beat Wall Street's slightly lowered estimates by 2 pennies but lowered its expectations for the coming period.
For the third quarter ended Dec. 31, Pioneer-Standard earned $13 million, or 40 cents a share, up from $10.8 million, or 34 cents a share, in the year-ago period. Five analysts surveyed by
First Call/Thomson Financial expected the company, which is based in Cleveland, to report earnings of 38 cents a share.
Pioneer-Standard, an electronic components and computer systems distributor, also posted third-quarter revenue of $778.9 million, up 17% from $668.3 million in the same quarter one year ago.
The company said it now expects fourth-quarter earnings of 35 cents to 39 cents a diluted share. According to
First Call/Thomson Financial four analysts were expecting the company to garner 40 cents a share. For the year ending March 31, Pioneer-Standard anticipates earnings of $1.42 to $1.46, down from the company's October estimate of earnings between $1.45 to $1.49 a share.
Pioneer-Standard also projected that fourth-quarter revenue would increase 5% to 10% over last year's $675 million.
Erica Berardi
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