TeleNav (TNAV) Tops Q2 EPS by 2c

TeleNav (NASDAQ: TNAV) reported Q2 EPS of ($0.16), $0.02 better than the analyst estimate of ($0.18). Revenue for the quarter came in at $453 million versus the consensus estimate of $44.03 million.

“We delivered solid results, achieving sequential and year-over-year growth in both revenue and billings, for the second quarter of fiscal 2016,” said HP Jin, chairman and CEO of Telenav. “We continued to strengthen our relationships with our current auto OEM partners within connected navigation as well as exploring new areas of partnerships. In location-based advertising, we delivered 41% year-over-year revenue growth while significantly lowering our operating losses. We remain focused on our long-term goals of steady growth and profitability.”

Sees Q3 Non-GAAP diluted net loss per share is expected to be ($0.14) to ($0.17), versus the consensus of ($0.17). Sees total revenue is expected to be $44 to $46 million, versus the consensus of $44 million.

For earnings history and earnings-related data on TeleNav (TNAV) click here.

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