Bazaarvoice Inc Earnings: Here’s Why the Stock is Up Now
Bazaarvoice Inc (NASDAQ:BV) had a loss and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 3.12%.
Bazaarvoice Inc Earnings Cheat Sheet
Revenue: Decreased 0% to $42.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: reported adjusted EPS loss of $0.06 per share. By that measure, the company beat the mean analyst estimate of $-0.12. It missed the average revenue estimate of $43.92 million.
Quoting Management: “I am pleased with the operational performance during the third quarter as we continue to invest in our opportunity as a company, said Stephen Collins, Chief Executive Officer and President. “Our clients, both retailers and brands, are requesting more online word of mouth content, site monetization and tools to increase traffic and conversion. The addressable market on a global scale is substantial, as our comprehensive suite of solutions provides our clients with the ability to address all of their key strategic priorities.”
Key Stats (on next page)…