RR Media (RRM) Misses Q2 EPS by 3c, Reaffirms 2015 & 2016 Guidance

RR Media (NASDAQ: RRM) reported Q2 EPS of $0.07, $0.03 worse than the analyst estimate of $0.10. Revenue for the quarter came in at $33.1 million versus the consensus estimate of $31.45 million.

Full Year 2015 Guidance

The Company is reiterating its full year 2015 and 2016 guidance. Management expects total revenues to be in the range of $140 million to $148 million for 2015, and $161 million to $171 million for 2016; with Adjusted EBITDA of $17.6 million to $20.4 million for 2015, and a year-over-year increase of 25% to 30% in Adjusted EBITDA for 2016. It is important to note that the results for the second half of 2015 will benefit from the inclusion of the full six month financial results for Satlink Communications and ESS, which were acquired earlier in the year.

Management continues to expect some level of variation in mix from quarter to quarter leading to some fluctuations in revenues and gross margin between quarters.

For earnings history and earnings-related data on RR Media (RRM) click here.

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