Textura Corp Earnings: Here’s Why Investors are Not Excited Now
Textura Corp (NYSE:TXTR) 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 down 2.91%.
Textura Corp Earnings Cheat Sheet
Revenue: Rose 81.12% to $9.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Textura Corp reported adjusted EPS loss of $0.75 per share. By that measure, the company missed the mean analyst estimate of $-0.58. It beat the average revenue estimate of $9.11 million.
Quoting Management: “We are pleased to be reporting strong results in our first quarter as a public company following the successful completion of our initial public offering in June,” said Patrick Allin, Chairman and CEO of Textura. “We are proud of the hard work and dedication of our employees and excited about the growth prospects for our Company. We continue to penetrate our large addressable market by offering our clients an expanding suite of industry-leading collaboration solutions. Our acquisition of PlanSwift earlier this year further enhances our portfolio with leading-edge tools offering new capabilities to specialty contractors and estimators, and the recent launch of CPM-Business directly addresses the needs of traditionally underserved mid-market owners and contractors.”
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