United Online Earnings: Everything You Must Know Now
United Online, Inc. (NASDAQ:UNTD) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
United Online, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 5.56% to $0.17 in the quarter versus EPS of $0.18 in the year-earlier quarter.
Revenue: Decreased 4.38% to $221.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: United Online, Inc. reported adjusted EPS income of $0.17 per share. By that measure, the company beat the mean analyst estimate of $0.13. It missed the average revenue estimate of $228.1 million.
Quoting Management: “The planned tax-free spin off of FTD from United Online remains on track,” said Mark R. Goldston, Chairman, President and Chief Executive Officer. “We expect the spin-off transaction will be effected before the market opens on October 1, 2013 and the proposed reverse stock split of United Online stock, if approved by the stockholders and the Board of Directors, will take place immediately prior to the spin off.”
Key Stats (on next page)…