HomeAway, Inc. (NASDAQ:AWAY) 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. Shares are down 9.41%.
HomeAway, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 55.56% to $0.14 in the quarter versus EPS of $0.09 in the year-earlier quarter.
Revenue: Rose 24.02% to $79.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: HomeAway, Inc. reported adjusted EPS income of $0.14 per share. By that measure, the company beat the mean analyst estimate of $0.13. It beat the average revenue estimate of $78.64 million.
Quoting Management: “We’re thrilled with our start to the year and our ability to continue delivering financial results ahead of our expectations,” says Brian Sharples, chief executive officer of HomeAway. “For the first quarter, we delivered year-over-year growth of 24% in total revenue and 56% in adjusted EBITDA. Due to the subscription nature of our business model, we are afforded a high-degree of revenue visibility in addition to attractive profitability and free cash flow characteristics.”
Key Stats (on next page)…