Vocera Communications Earnings: Here’s Why Investors Don’t Like These Results
Vocera Communications, Inc. (NYSE:VCRA) 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. Shares are down 10.6%.
Vocera Communications, Inc. Earnings Cheat Sheet
Revenue: Rose 24.32% to $26.99 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Vocera Communications, Inc. reported adjusted EPS income of $0.10 per share. By that measure, the company beat the mean analyst estimate of $0.07. It missed the average revenue estimate of $27.35 million.
Quoting Management: “We are very pleased with our fourth quarter results and our financial performance during our first year as a public company. We made good progress across all five of our growth strategies and believe we are well positioned for 2013 and beyond. In addition, our profitability continued to expand during 2012 and we are increasing our long-term profitability target. Contract wins with key healthcare national accounts, as well as in our Mobility business towards the end of the year, are also quite exciting,” commented Bob Zollars, Vocera Chairman and Chief Executive Officer.
Key Stats (on next page)…