EFI profits slump, shares plummet

摘要

US press giant EFI third quarter sees its revenue up 1 per cent from US$248.4m compared to US$245.6m in the previous year however its GAAP net income came in at US$1.9m down 89 per cent from US$17.7m in the previous year. Its non-GAAP net income was US$22.7m, down 18 per cent compared to non-GAAP net income of US$27.6m for the same period in 2016. Cash flow from operating activities was US$3.4m, down 86 per cent compared to US$24m during the same period in 2016.