support.com, Inc. (NASDAQ:SPRT) 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.
support.com, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.06 in the quarter versus EPS of $-0.06 in the year-earlier quarter.
Revenue: Rose 14.84% to $20.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: support.com, Inc. reported adjusted EPS income of $0.06 per share. By that measure, the company beat the mean analyst estimate of $0.05. It beat the average revenue estimate of $19.99 million.
Quoting Management: “Q1 represented a strong start to the year, with growth in services and software, impressive margin performance and strong cash flow,” said Josh Pickus, President and CEO. “We’re excited about the rich pipeline we’ve developed and look forward to extending our market leadership as the year progresses.”
Key Stats (on next page)…
Revenue increased 6.99% from $18.88 million in the previous quarter. EPS decreased 0% from $0.06 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.04 to a profit $0.05. For the current year, the average estimate has moved up from a profit of $0.18 to a profit of $0.2 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)