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 37.5% to $0.05 in the quarter versus EPS of $0.08 in the year-earlier quarter.
Revenue: Decreased 12.89% to $33.99 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Marchex, Inc. reported adjusted EPS income of $0.05 per share. By that measure, the company beat the mean analyst estimate of $0.04. It beat the average revenue estimate of $33.1 million.
Quoting Management: “We feel good about our progress in the fourth quarter, especially as it relates to building momentum for 2013 and beyond,” said Russell C. Horowitz, Marchex Chairman and CEO. “We are seeing several trends emerge that we believe benefit Marchex, including more businesses embracing mobile advertising for the first time, and businesses who have tested mobile advertising now focusing on driving performance in their ad campaigns.”
Key Stats (on next page)…