TheStreet Earnings: Here’s Why the Stock is Up Now
TheStreet (NASDAQ:TST) had a net loss, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2.33%.
The Street Earnings Cheat Sheet
Revenue: Rose 8.17% to $13.5 million from the year-earlier quarter.
Quoting Management: “TheStreet’s second quarter revenue growth of 8% is our first year-over-year growth since 2011 and reflects the continued execution of our strategy. We are driving revenue growth by smart acquisitions, investing in our institutional and retail subscription platforms, focusing on operational excellence and modernizing our infrastructure,” said Elisabeth DeMarse, Chairman, President and Chief Executive Officer.
Key Stats (on next page)…
Revenue increased 7.31% from $12.58 million in the previous quarter. EPS decreased to $-0.75 in the quarter versus EPS of $-0.01 in the previous quarter.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)