FTD Cos. (FTD) Posts Large Q3 Loss

FTD Cos. (NASDAQ: FTD) reported Q3 EPS of ($0.57), which may not compare to the analyst estimate of $0.07. Revenue for the quarter came in at $188.5 million versus the consensus estimate of $183.2 million.

"During this non-holiday quarter, we focused our efforts on delivering against our integration plans and continuing the improvements in operational and financial disciplines in our Provide Commerce segment," said FTD President and Chief Executive Officer, Robert Apatoff. "We are on track to deliver solid financial performance for full year 2015 and, despite some revenue headwinds, our third quarter profitability exceeded our expectations. Further, we continue to believe there are significant cost savings and revenue opportunities across our highly recognizable portfolio of brands to support future growth and long-term profitability."

Business Outlook

For the full year 2015, the Company is updating its outlook. The Company now expects the following:

• Consolidated revenues to decline modestly, approximately 3% to 4%, compared to pro forma revenues of approximately $1,270 million for 2014
• Consolidated Adjusted EBITDA margin of approximately 10%* of consolidated revenues
• Capital expenditures of less than $20 million, compared to prior guidance of $25 million
• Amortization of intangible assets of approximately $61 million, stock-based compensation expense of approximately $13 million and transaction-related costs between $7 and $8 million primarily related to the integration of Provide Commerce

For earnings history and earnings-related data on FTD Cos. (FTD) click here.

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