Lifelock Earnings: Here’s Why the Stock is Down Now
Lifelock Inc (NYSE:LOCK) 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 0.19%.
Lifelock Inc Earnings Cheat Sheet
Revenue: Rose 42.51% to $82.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.01 per share. By that measure, the company beat the mean analyst estimate of $-0.01. It beat the average revenue estimate of $79.81 million.
Quoting Management: “Our business continued to perform at a high level in the first quarter, leading to financial results that exceeded our expectations across each key metric,” said Todd Davis, LifeLock’s Chairman and CEO. “Our strong growth and continued customer momentum are a result of our highly differentiated proactive identity theft protection offerings, which represent a disruptive solution compared to competitors that offer traditional reactive solutions. We continue to see growing adoption of our premium value LifeLock Ultimate service, which is further evidence that consumers are becoming increasingly aware of the negative consequences associated with identity theft and the superiority of our product. We continue to be enthusiastic about our outlook for 2013, which is reflected by our increased guidance for revenue and profitability.”
Key Stats (on next page)…