Vocus Earnings: Here’s Why Investors are Selling Shares Now
Vocus Inc. (NASDAQ:VOCS) delivered a profit and missed Wall Street’s expectations, AND 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 30.23%.
Vocus Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 350% to $0.09 in the quarter versus EPS of $0.02 in the year-earlier quarter.
Revenue: Rose 32.86% to $46.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Vocus Inc. reported adjusted EPS income of $0.09 per share. By that measure, the company missed the mean analyst estimate of $0.1. It missed the average revenue estimate of $46.51 million.
Quoting Management: “We have one of the fastest growing marketing clouds today, as bookings in the first quarter for the Vocus Marketing Suite grew 200% over the prior year,” said Rick Rudman, President and CEO of Vocus, Inc. “We remain focused on continuing our expansion beyond PR software into the much larger cloud marketing space which we believe will deliver the next phase of growth and success for Vocus.”
Key Stats (on next page)…