ReachLocal Earnings: Here’s Why the Stock is Up Now
ReachLocal, Inc. (NASDAQ:RLOC) had a loss 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 5.39%.
ReachLocal, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.01 in the quarter versus EPS of $0.01 in the year-earlier quarter.
Revenue: Rose 20.48% to $120.24 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: ReachLocal, Inc. reported adjusted EPS loss of $-0.01 per share. By that measure, the company missed the mean analyst estimate of $0. It beat the average revenue estimate of $118.81 million.
Quoting Management: “2012 was another excellent year for ReachLocal. We made progress across all of our key initiatives enabling us to deliver both strong revenue and Adjusted EBITDA growth,” said Zorik Gordon, CEO. “We accelerated international expansion into two new continents, launched important new lead generation and mobile products, and continued to lay the foundation for our local commerce and software product initiatives that we plan to showcase at our upcoming analyst day this month.”
Key Stats (on next page)…