Ellie Mae (NYSE: ELLI) reported Q2 EPS of $0.51, $0.02 worse than the analyst estimate of $0.53. Revenue for the quarter came in at $104.1 million versus the consensus estimate of $110.51 million.

GUIDANCE:

Ellie Mae sees FY2017 EPS of $1.47-$1.50, versus the consensus of $1.90.

• For the third quarter of 2017, our revenue is expected to be in the range of $104.0 million to $106.0 million. Net income is expected to be in the range of $7.0 million to $8.0 million, or $0.19 to $0.22 per diluted share. Adjusted net income is expected to be in the range of $13.9 million to $15.1 million, or $0.38 to $0.41 per diluted share, which reflects the non-GAAP tax adjustment. Adjusted EBITDA is expected to be in the range of $30.4 million to $32.4 million. Per share guidance assumes a weighted average share count of approximately 36 million.
• For the full year 2017, revenue is expected to be in the range of $400.0 million to $405.0 million. Net income is expected to be in the range of $40.0 million to $42.0 million, or $1.11 to $1.16 per diluted share. Adjusted net income is expected to be in the range of $52.8 million to $54.3 million, or $1.47 to $1.50 per diluted share, which reflects the non-GAAP tax adjustment. Adjusted EBITDA is expected to be in the range of $114.0 million to $117.8 million. Per share guidance assumes a weighted average share count of approximately 36 million.

For earnings history and earnings-related data on Ellie Mae (ELLI) click here.