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DealerTrack Holdings, Inc. (NASDAQ:TRAK) 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.
DealerTrack Holdings, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 29.17% to $0.31 in the quarter versus EPS of $0.24 in the year-earlier quarter.
Revenue: Rose 11.53% to $101.78 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: DealerTrack Holdings, Inc. reported adjusted EPS income of $0.31 per share. By that measure, the company beat the mean analyst estimate of $0.29. It beat the average revenue estimate of $100.88 million.
Quoting Management: Mark F. O’Neil, chairman and chief executive officer of Dealertrack Technologies, commented, “We had a strong finish to 2012 with full-year revenue that was significantly above our original expectations and exceeded $100 million for the first time on a quarterly basis. With a broad suite of technology solutions for auto dealers, we believe we are making progress helping dealers transform auto retailing through an integrated suite of software. As we continue to realize this vision, we believe the business momentum we generated in 2012 will carry us into 2013 and beyond.”
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