BIDZ.COM (BIDZ) Misses Q3 EPS by 1c; Guides Below for Q4 Revenues
BIDZ Hot Sheet
EPS Growth %: -300.0%Financial Fact:
Income tax benefit (expense): 1.15M
Today's EPS Names:
VSNT, CIM, KH, More
BIDZ.COM (NASDAQ: BIDZ) reports Q3 EPS of $0.00, 1 cent worse than the analyst estimate of $0.01. Revenue for the quarter was $24.8 million, which compares to the estimate of $22.68 million.
The Company is introducing new revenue guidance for the fourth quarter of 2009 of $28-$32 million, gross profit margin of approximately 28-30%, pre-tax income of approximately $0.4-$1.5 million and expects fully taxed GAAP EPS of $0.01-$0.04. (Q4 revenue consensus is $34.51M)
The Company's results will be affected by its ERP conversion in the fourth quarter of 2009, but the Company expects to resume normalized operations in the first quarter of 2010.
The Company is introducing new revenue guidance for the fourth quarter of 2009 of $28-$32 million, gross profit margin of approximately 28-30%, pre-tax income of approximately $0.4-$1.5 million and expects fully taxed GAAP EPS of $0.01-$0.04. (Q4 revenue consensus is $34.51M)
The Company's results will be affected by its ERP conversion in the fourth quarter of 2009, but the Company expects to resume normalized operations in the first quarter of 2010.
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