Broadsoft (BSFT) Tops Q3 EPS by 15c; Guides In-Line

October 31, 2016 7:32 AM EDT
Get Alerts BSFT Hot Sheet
Trade BSFT Now!
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

Broadsoft (NASDAQ: BSFT) reported Q3 EPS of $0.52, $0.15 better than the analyst estimate of $0.37. Revenue for the quarter came in at $84.1 million versus the consensus estimate of $81.26 million.

GUIDANCE:

Broadsoft sees Q4 2016 EPS of $0.65-$0.83, versus the consensus of $0.82. Broadsoft sees Q4 2016 revenue of $94-102 million, versus the consensus of $101.1 million.

Broadsoft sees FY2016 EPS of $2.04-$2.22, versus the consensus of $2.06. Broadsoft sees FY2016 revenue of $333-341 million, versus the consensus of $337.22 million.

β€œI'm pleased to report another strong financial quarter as we achieved 22% year-over-year revenue and significant earnings per share growth,” said Michael Tessler, president and chief executive officer, BroadSoft. β€œIt was also a great quarter from a customer traction perspective. We saw several major product launches by our customers, including a VoLTE-based mobile offering by a major carrier. We believe that these launches, and our customers' continued success in the market, highlight the strategic value of our solutions.”

For earnings history and earnings-related data on Broadsoft (BSFT) click here.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Earnings, Guidance, Management Comments

Related Entities

Earnings

Add Your Comment