Audience Earnings: Here’s Why Investors are Not Happy Now
Audience, Inc. (NASDAQ:ADNC) 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 down 5.31%.
Audience, Inc. Earnings Cheat Sheet
Revenue: Rose 51.72% to $47.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Audience, Inc. reported adjusted EPS income of $0.27 per share. By that measure, the company beat the mean analyst estimate of $0.18. It beat the average revenue estimate of $44.57 million.
Quoting Management: “Audience earSmart solutions continued to gain traction during the first quarter of 2013 with new products shipping from key customers including Samsung, Dell, Huawei and Xiaomi,” said Peter Santos, president and chief executive officer. “We believe our diversification strategy is creating a strong foundation for long term growth as Advanced Voice leads the next wave of human interface across numerous consumer platforms.”
Key Stats (on next page)…