AutoNavi Holdings Limited Earnings: Everything You Must Know Now
AutoNavi Holdings Limited (NASDAQ:AMAP) 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.
AutoNavi Holdings Limited Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 15.79% to $0.22 in the quarter versus EPS of $0.19 in the year-earlier quarter.
Revenue: Rose 25.65% to $43.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: AutoNavi Holdings Limited reported adjusted EPS income of $0.22 per share. By that measure, the company beat the mean analyst estimate of $0.20. It beat the average revenue estimate of $39.46 million.
Quoting Management: “2012 was an encouraging year for AutoNavi,” said Mr. Congwu Cheng, the Company’s chief executive officer. “Our mobile map and mobile navigation applications both achieved the leading market positions in their respective categories in what continues to be a competitive LBS market. We also made exciting progress with our strategic partners, which include Internet companies, mobile device makers, telecom operators, and vertical content service providers. These partners have helped raise our company profile while introducing our products to millions of additional users.”
Key Stats (on next page)…