RetailMeNot beats by $0.06, beats on revs; guides Q1 revs above consensus; guides FY17 revs above consensus :
- Reports Q4 (Dec) earnings of $0.37 per share, $0.06 better than the Capital IQ Consensus of $0.31; revenues rose 16.5% year/year to $96.89 mln vs the $95.48 mln Capital IQ Consensus.
- Co issues upside guidance for Q1, sees Q1 revs of $62.5-71.5 vs. $64.21 mln Capital IQ Consensus Estimate.
- Co issues upside guidance for FY17, sees FY17 revs of $296-326.0 vs. $294.13 mln Capital IQ Consensus Estimate.
- "During 2016 we continued to make strides toward our long-term goal of becoming a leading savings destination for consumers," said Cotter Cunningham, CEO & Founder, RetailMeNot, Inc. "While the year had its challenges, we closed out the fourth quarter on a positive note and believe we are well positioned to capitalize on our initiatives in 2017 and beyond."
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