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Web.com Group, Inc. (NASDAQ:WWWW) had a loss and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. Shares are up 2.36%.
Web.com Group, Inc. Earnings Cheat Sheet
Results: Net loss increased to $51.878 million (+45 cents per diluted share adjusted for one-time items) in the quarter versus a net gain of $540,000 in the year-earlier quarter.
Revenue: Rose 51.4% to $111.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Web.com Group, Inc. reported adjusted net income of 45 cents per share. By that measure, the company beat the mean analyst estimate of $0.42. It missed the average revenue estimate of $125.21 million.
Quoting Management: “2012 was a pivotal year for Web.com as our successful integration of Network Solutions has created a company with an annualized non-GAAP revenue run rate of more than $500 million, an accelerating revenue growth profile, and best-in-class profitability margins and strong cash flow from operations,” said David Brown, chairman and chief executive officer of Web.com.
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