Constant Contact Earnings: Here’s Why Investors are Ambivalent Now
Constant Contact, Inc. (NASDAQ:CTCT) 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.
Constant Contact, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 44.44% to $0.05 in the quarter versus EPS of $0.09 in the year-earlier quarter.
Revenue: Rose 13.78% to $68.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Constant Contact, Inc. reported adjusted EPS income of $0.05 per share. By that measure, the company beat the mean analyst estimate of $-0.03. It beat the average revenue estimate of $68.14 million.
Quoting Management: “We are pleased to deliver revenue at the high-end of our guidance, along with profitability that was well above expectations. We continue to see healthy demand and demonstrated success converting that demand to paying customers,” said Gail Goodman, chief executive officer of Constant Contact. “2013 is about bringing all of our products together and continuing the transformation of Constant Contact into a true multi-product company. We believe that we have the right strategy, products and team to deliver on this vision.”
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