ChannelAdvisor (ECOM) Tops Q2 EPS by 19c

ChannelAdvisor (NYSE: ECOM) reported Q2 EPS of ($0.10), $0.19 better than the analyst estimate of ($0.29). Revenue for the quarter came in at $24.2 million versus the consensus estimate of $21.69 million.

ChannelAdvisor sees Q3 2015 revenue of $23.5-24 million.

ChannelAdvisor sees FY2015 revenue of $95.5-97 million.

"We exceeded the high end of our guidance for revenue in the second quarter due to a number of factors including strength in variable revenue and better pricing dynamics,” said David Spitz, CEO of ChannelAdvisor. “We are seeing early signs of success from the strategy that we established earlier this year - to focus on larger customers and brands, increase pricing discipline, and accelerate our path to profitability while continuing to enhance and extend our technology leadership. We’re particularly encouraged by the improved leverage in our model which resulted in adjusted EBITDA that was well above expectations and was in fact our smallest loss since going public more than two years ago. Our focus remains on driving revenue growth that can be profitable for us over time."

For earnings history and earnings-related data on ChannelAdvisor (ECOM) click here.

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