Bazaarvoice Earnings: Here’s Why Investors are Not Happy Now
Bazaarvoice Inc (NASDAQ:BV) had a loss 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 5.86%.
Bazaarvoice Inc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.05 in the quarter versus EPS of $-0.07 in the year-earlier quarter.
Revenue: Rose 25.07% to $44.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Bazaarvoice Inc reported adjusted EPS loss of $0.05 per share. By that measure, the company beat the mean analyst estimate of $-0.08. It beat the average revenue estimate of $44.12 million.
Quoting Management: “The first quarter was highlighted by ongoing active enterprise client growth and the momentum of connecting our network of brands to consumers,” said Stephen Collins, Chief Executive Officer. “We continue to position the company for growth and remain confident in our ability to leverage our current shopper network as it provides significant efficiencies to the marketplace and our clients globally.”
Key Stats (on next page)…