Global Traffic Network (GNET) Misses Q3 EPS by 2c, Reaffirms FY Revenues
More News related to GNET
- Global Traffic Network (GNET) Reports In-Line Q1 EPS of $0.05
- Global Traffic Network, Inc. Reports Fiscal First Quarter 2009 Operating Results
- Global Traffic Network Fiscal First Quarter 2009 Conference Call Scheduled for November 10, 2008
- Global Traffic Network Announces Termination of Letter of Intent to Acquire the Commercial Division of UBC Media Group plc
- Global Traffic Network Announces Extension of Letter of Intent to Acquire the Commercial Division of UBC Media Group plc
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Global Traffic Network, Inc. (Nasdaq: GNET) reports a Q3 loss of $0.01, 2 cents worse than estimates. Revenues were $12.2 million vs. $11.99 million consensus.
The Company also reaffirms the guidance it initially provided April 9, 2008 related to financial projections for its fiscal year 2008, ending June 30, 2008. The Company’s guidance forecasts consolidated net revenues in the range of $49 to $52 million, and Adjusted Operating Income of approximately $4.9 to $5.2 million. (FY08 Revenue consensus is $49.38 million)
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