Active Network Earnings: Here’s Why Shares are Up Now
Active Network Inc (NYSE:ACTV) 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 23.83%.
Active Network Inc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 18.18% to $0.09 in the quarter versus EPS of $0.11 in the year-earlier quarter.
Revenue: Rose 8.88% to $132.36 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Active Network Inc reported adjusted EPS income of $0.09 per share. By that measure, the company beat the mean analyst estimate of $0.05. It beat the average revenue estimate of $130.49 million.
Quoting Management: “I am pleased with our strong second quarter results – with revenues at the top end of our outlook range and Adjusted EBITDA exceeding the high end of our guidance,” said Jon Belmonte, Interim CEO of ACTIVE Network. “During the quarter, we commenced on a number of prioritization efforts designed to strengthen our financial performance and extend our market leadership position.”
Key Stats (on next page)…
Revenue increased 24.86% from $106.01 million in the previous quarter. EPS increased to $0.09 in the quarter versus EPS of $-0.15 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.04 to a profit $0.01. For the current year, the average estimate has moved down from a loss of $0.12 to a loss of $0.18 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)