=Carbonite (CARB) reported earnings on Thur 25 July 2019 (a/h)

Carbonite beats by $0.10, misses on revs; guides Q3 revs below consensus; guides FY19 revs below consensus

Reports Q2 (Jun) earnings of $0.56 per share, excluding non-recurring items, $0.10 better thanthe S&P Capital IQ Consensus of $0.46; revenues rose 56.3% year/year to $121.51 mln vs the $129.68 mln S&P Capital IQ Consensus.

Co issues downside guidancefor Q3, sees Q3 revs of $131-133 mln, excluding non-recurring items, vs. $134.20 mln S&P Capital IQ Consensus.

Co issues downside guidancefor FY19, sees FY19 revs of $477.5-482.5 mln, excluding non-recurring items, vs. $484.06 mln S&P Capital IQ Consensus.

Steve Munford, Chairman of the Company's Board of Directors, has been named Interim Chief Executive Officer and Executive Chairman of the Board, effective immediately. This appointment follows Mohamad Ali's decision to step down as President, CEO and member of the Company's Board in order to pursue other professional opportunities in the media and research industry.