Cbeyond, Inc. (NASDAQ:CBEY) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Cbeyond, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.19 in the quarter versus EPS of $-0.17 in the year-earlier quarter.
Revenue: Decreased 3.61% to $118.87 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Cbeyond, Inc. reported adjusted EPS loss of $0.19 per share. By that measure, the company missed the mean analyst estimate of $-0.07. It missed the average revenue estimate of $118.9 million.
Quoting Management: “Over the past twelve months we made significant progress in evolving our business model to provide services at the intersection of cloud, network and security,” said Jim Geiger, chief executive officer of Cbeyond, Inc. “In addition, I’m proud to note that we met or exceeded our public guidance while pursuing these important changes in our business. Going forward, we intend to build on last year’s progress with a focus on improving sales productivity and driving further refinement to our service delivery processes to address the emerging needs of our technology dependent customers.”
Key Stats (on next page)…