TrueCar beats by $0.01, beats on revs; guides Q3 revs below consensus; guides FY17 revs in-line(19.51 -0.17)
- Reports Q2 (Jun) earnings of $0.01 per share, excluding non-recurring items, $0.01 better thanthe Capital IQ Consensus of ($0.00); revenues rose 23.2% year/year to $81.82 mln vs the $80.75 mln Capital IQ Consensus.
- Units were 242,130 in Q2 up 26% YoY
- Co issues downside guidance for Q3, sees Q3 revs of $85-87 mln vs. $87.3 mln Capital IQ Consensus Estimate. Co guides to units of 265,000-270,000.
- Co issues in-line guidance for FY17, sees FY17 revs of $325-329 mln vs. $327.23 mln Capital IQ Consensus Estimate. Co guides to units of 975,000 to 985,000, .up from prior guidance of 950-960K.
- "Despite the bigger picture trends in automotive, we set records in nearly every major financial and operating metric in the second quarter...The momentum that we have been building over the past few quarters at TrueCar is continuing quite nicely."
No comments:
Post a Comment