Directed Electronics Earnings: Better than Expected, and Raises 2006 Outlook
May 15, 2006
Directed Electronics Reports Record First Quarter 2006 Results; Raises 2006 Earnings Outlook(PR Newswire 05/15 16:05:13)
(Details to follow after conference call)
VISTA, Calif., May 15 /PRNewswire-FirstCall/ --
Directed Electronics, Inc.(Nasdaq: DEIX) today announced record sales and net income results for thequarter ended March 31, 2006. The Company also raised guidance for the fullyear of 2006. First Quarter Results Net sales in the first quarter of 2006 were $74.3 million, an increase of42.7% over the prior year first quarter net sales of $52.1 million. Gross sales of satellite radio products were $36.3 million, an increase of 178.1%over the prior year first quarter. Gross sales of security and entertainment products in the first quarter of 2006 were $39.2 million, compared with$40.5 million in the prior year first quarter.
for more info:
www.directed.comDirected Electronics handles the distribution of several Sirius Satellite Radio models such as the Sportster line, the Starmate line, and the S50.
Congratulations to directed on an outstanding quarter!
5/15/2006 04:23:00 PM
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