comScore Earnings: Here’s Why Shares are Up Now
comScore, Inc. (NASDAQ:SCOR) 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 up 0.02%.
comScore, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.06 in the quarter versus EPS of $-0.01 in the year-earlier quarter.
Revenue: Rose 10.55% to $68.85 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: comScore, Inc. reported adjusted EPS loss of $0.06 per share. By that measure, the company beat the mean analyst estimate of $-0.07. It beat the average revenue estimate of $65.97 million.
Quoting Management: Dr. Magid Abraham, comScore’s president and chief executive officer said, “We began 2013 on a strong note as we continue to build our leadership position as a real-time digital business analytics company. We achieved record revenues during the quarter. Our growth was driven by robust performance in our core Media Metrix suite of audience measurement products inclusive of our multi-platform offering, in addition to accelerated momentum in our validated Campaign Essentials (vCE) advertising analytics suite and in our Digital Analytix SAAS software. Our new customer activity was robust, as we added 62 customers and our revenue from new customers increased by 48% over the first quarter of 2012, on a pro forma basis. With strong execution, this success in the marketplace translated into a higher adjusted EBITDA margin and strong increases in adjusted EBITDA and Free Cash Flow.”
Key Stats (on next page)…