Digital River Inc. (NASDAQ:DRIV) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 3.26%.
Digital River Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 10% to $0.33 in the quarter versus EPS of $0.30 in the year-earlier quarter.
Revenue: Rose 10.99% to $113.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Digital River Inc. reported adjusted EPS income of $0.33 per share. By that measure, the company beat the mean analyst estimate of $0.2. It beat the average revenue estimate of $102.61 million.
Quoting Management: “We are pleased with the strong financial performance we delivered in the first quarter. We continue to add new customers, strengthen relationships with existing customers and invest in our offerings to create new sources of value,” said David Dobson, Digital River’s CEO. “At the same time, we are in the early stages of our strategic transformation. We are making substantial investments to deliver a more flexible commerce ecosystem, pursue high-impact growth markets, as well as create financial capacity that will drive growth and improved operating margins over time. We believe the results of this transformation will lead to sustainable growth and value creation for customers and shareholders.”
Key Stats (on next page)…