Active Network Earnings: Here’s Why Investors are Not Happy Now
Active Network Inc (NYSE:ACTV) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.69%.
Active Network Inc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.25 in the quarter versus EPS of $-0.19 in the year-earlier quarter.
Revenue: Rose 12.24% to $106 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Active Network Inc reported adjusted EPS loss of $0.25 per share. By that measure, the company missed the mean analyst estimate of $-0.18. It beat the average revenue estimate of $104.9 million.
Quoting Management: “Our strong first quarter 2013 revenues and bottom line results demonstrate the Company’s ability to scale our infrastructure and deliver gross margin accretion,” said Scott Mendel, CFO of ACTIVE Network. “Cash flow for the quarter was very strong, reflecting our top line growth and following typical seasonal patterns. We remain focused on driving operational efficiency to capitalize on our large market opportunity and generate long-term growth.”
Key Stats (on next page)…