Care.com (CRCM) Tops Q4 EPS by 4c

Care.com (NYSE: CRCM) reported Q4 EPS of $0.20, $0.04 better than the analyst estimate of $0.16. Revenue for the quarter came in at $43.5 million versus the consensus estimate of $42.11 million.

“2016 was a year of significant progress for Care.com, our first full-year with operating income as we continued to see overall topline growth. Key drivers in our results included rapid growth in our enterprise business, along with continuous optimization of our customer acquisition costs and improving overall unit economics in our consumer business. Thus, we exceeded our guidance expectations on both the top and bottom lines during the fourth quarter and the full year,” said Sheila Lirio Marcelo, Founder, Chairwoman and CEO of Care.com. “We plan to further strengthen what is today the largest two-sided network for finding and managing family care in the home while expanding our OI and adjusted EBITDA margins in 2017 and increasing shareholder value. We are committed to growing profitably as we drive toward our long-term EBITDA margin target of 20 to 25%.”

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

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