Care.com (CRCM) Tops Q1 EPS by 7c

Care.com (NYSE: CRCM) reported Q1 EPS of $0.01, $0.07 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $39.3 million versus the consensus estimate of $37.98 million.

"I’m proud to say we’re off to a strong start in 2016,” said Sheila Lirio Marcelo, Founder, Chairwoman, and CEO of Care.com. “We have achieved our targets for profitable growth on an Adjusted EBITDA basis earlier than provided for in our outlook, driven primarily by continued leverage in sales and marketing. For five consecutive quarters, we’ve grown revenue while continuing to leverage sales and marketing spend. We expect sustained profitability as we continue to drive towards our long-term EBITDA margin goals of 20-25%.”

For earnings history and earnings-related data on Care.com (CRCM) click here.

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