Vocera Communications Earnings: Here’s Why the Stock is Falling Now
Vocera Communications (NYSE:VCRA) 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. Shares are down 15.49%.
Vocera Communications Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 88.89% to $0.01 in the quarter versus EPS of $0.09 in the year-earlier quarter.
Revenue: Rose 1.69% to $25.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Vocera Communications reported adjusted EPS income of $0.01 per share. By that measure, the company beat the mean analyst estimate of $-0.03. It beat the average revenue estimate of $24.16 million.
Quoting Management: “We had a solid second quarter, including strong bookings growth in our core U.S. healthcare market, the signing of a large new Veterans hospital contract, as well as the shipment of a record number of Vocera badges. These accomplishments are encouraging, and yet we still believe the hospital spending environment remains tight. In spite of these challenges, over the last two quarters we have experienced strong bookings in new facilities and subscription based solutions. While these bookings have strengthened our backlog, they are taking longer to convert to revenue,” commented Brent Lang, Vocera president and chief executive officer.
Key Stats (on next page)…