HomeAway Earnings: Here’s Why Investors are Happy Now

HomeAway, Inc. (NASDAQ:AWAY) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 9.82%.

HomeAway, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 54.55% to $0.05 in the quarter versus EPS of $0.11 in the year-earlier quarter.

Revenue: Rose 22.48% to $71.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: HomeAway, Inc. reported adjusted EPS income of $0.05 per share. By that measure, the company missed the mean analyst estimate of $0.13. It beat the average revenue estimate of $70.87 million.

Quoting Management: “2012 was a year of significant accomplishment for HomeAway,” says Brian Sharples, chief executive officer of HomeAway. “For the year, we delivered 22% revenue growth and a 32% increase in free cash flow. We were especially pleased to deliver throughout 2012 financial performance consistently in-line to ahead of our expectations, while making significant strides against our long-term strategy and broader mission.”

Key Stats (on next page)…