EPIQ Systems Q3 Adj. Profit Meets Estimate - Quick Facts

(RTTNews) - EPIQ Systems Inc (EPIQ) posted third-quarter net income of $4.2 million, or $0.11 per share, compared to $11.3 million, or $0.31 per share in the prior year quarter.

Non-GAAP net income for the latest third quarter was $9.5 million or $0.26 per share, up from $8.7 million or $0.24 per share in the year-ago period. On average, three analysts polled by Thomson Reuters expected the company to earn $0.26 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter rose 31% to $115.68 million from $90.99 million in the comparable quarter last year, while three analysts had a consensus revenue estimate of $109.03 million for the quarter.

Further, Epiq's Board of Directors declared a cash dividend of 9.0 cents per share of outstanding common stock, which will be paid on December 9, 2013 to stockholders of record at the close of business on November 1, 2013.