TrueCar (TRUE) Tops Q3 EPS by 5c

November 3, 2016 4:18 PM EDT

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TrueCar (NASDAQ: TRUE) reported Q3 EPS of ($0.01), $0.05 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $75.01 million versus the consensus estimate of $71.17 million.

"In the third quarter, we achieved record results on virtually every operating metric across the company. It’s also becoming more clear that there are many opportunities to grow and expand our business significantly by enhancing the value we provide to consumers, dealers and OEMs," said Chip Perry, TrueCar's President and Chief Executive Officer.

“Since the beginning of the year we have been making significant investments in three focus areas: dealer sales and service; product and technology; and consumer and dealer research. Each of these investments is yielding excellent returns," continued Mike Guthrie, TrueCar’s Chief Financial Officer.

For earnings history and earnings-related data on TrueCar (TRUE) click here.

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