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Brightpoint Reports Third Quarter 2009 Financial Results

By Staff
INDIANAPOLIS, Nov 4, 2009 (GlobeNewswire via COMTEX) --

Brightpoint, Inc. (Nasdaq:CELL) reported its financial results for the third quarter ended September 30, 2009. Unless otherwise noted, amounts pertain to the third quarter of 2009.

FOR THE THIRD QUARTER OF 2009:

Revenue was $867.9 million for the third quarter of 2009, a decrease of 26% compared to the third quarter of 2008 and an increase of 21% compared to the second quarter of 2009. The increase in revenue compared to the second quarter of 2009 was primarily due to an increase in distribution revenue from the Middle East and Singapore. The decrease in revenue compared to the third quarter of 2008 was primarily due to an 11% decrease in wireless devices handled through distribution as well as lower average selling price for wireless devices handled through distribution.

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