The Street (NASDAQ:TST) 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 up over 1%.
The Street Earnings Cheat Sheet
Revenue: Decreased 1.87% to $12.58 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: The Street reported an adjusted EPS net loss of $0.05 per share compared to a loss of $0.14 per share in the same quarter a year ago. Thus, the company has narrowed its quarterly loss.
Quoting Management: “We are seeing the benefits of right-sizing the cost structure initiated in 2012. In 2013, we continued to execute our turnaround strategy, positioning the business for growth, optimizing the free site and modernizing our technology infrastructure. By acquiring private placement content, we further demonstrated our commitment to growing the institutional subscription offerings,” said Elisabeth DeMarse, Chairman, President and Chief Executive Officer.
Key Stats (on next page)…