ExactTarget, Inc. Earnings: Here’s Why the Stock is Down Now
ExactTarget, Inc. (NYSE:ET) 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 down 0.07%.
ExactTarget, Inc. Earnings Cheat Sheet
Revenue: Rose 44.18% to $85.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: ExactTarget, Inc. reported adjusted EPS loss of $0.10 per share. By that measure, the company beat the mean analyst estimate of $-0.18. It beat the average revenue estimate of $79.77 million.
Quoting Management: “ExactTarget’s record fourth quarter and full-year revenue reinforce our position as the largest pure play marketing SaaS provider in the world,” said Scott Dorsey, ExactTarget chairman, chief executive officer and co-founder. “With strong customer response to our new innovations and recent acquisitions, we have become the digital marketing platform of choice and positioned ourselves for another strong year of growth.”
Key Stats (on next page)…