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Catamaran Corp (NASDAQ:CTRX) delivered a profit 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.
Catamaran Corp Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 62.5% to $0.39 in the quarter versus EPS of $0.24 in the year-earlier quarter.
Revenue: Rose 141.53% to $3.33 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.39 per share. By that measure, the company beat the mean analyst estimate of $0.35. It missed the average revenue estimate of $3.33 billion.
Quoting Management: “This past year has been a transformative period for Catamaran, led by the merger with Catalyst which doubled our size. Throughout this period, we never lost sight of our goals and operational plan, which was the foundation for the results we achieved in 2012. Our operational excellence, coupled with the successful progression of our integrations, yielded another record setting year. The dramatic changes embarked upon by Catamaran in 2012, combined with the financial savings and clinical results we delivered to our customers, have created a number of new opportunities for the Company. The entire Company is focused on continuing to deliver superior results, and we are well positioned to take advantage of our growth and enhanced capabilities in 2013,” said Mark Thierer, Chairman and CEO of Catamaran.
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