Marchex Earnings: Everything You Must Know Now
Marchex, Inc. (NASDAQ:MCHX) 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.
Marchex, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 20% to $0.04 in the quarter versus EPS of $0.05 in the year-earlier quarter.
Revenue: Was the same at $35.48 million as the year-earlier quarter.
Actual vs. Wall St. Expectations: Marchex, Inc. reported adjusted EPS income of $0.04 per share. By that measure, the company beat the mean analyst estimate of $0.02. It beat the average revenue estimate of $35.1 million.
Quoting Management: “Momentum across our Call Products drove accelerating growth in the first quarter,” said Russell Horowitz, Chief Executive Officer of Marchex. “Advertisers are spending more marketing dollars going after mobile consumers and they want high returns on that investment. Marchex is well-positioned to fill that need with our suite of products that delivers exceptional mobile advertising performance and measurability.”
Key Stats (on next page)…