InnerWorkings (INWK) Tops Q1 EPS by 1c, Raises FY 2017 EPS Outlook

InnerWorkings (NASDAQ: INWK) reported Q1 EPS of $0.08, $0.01 better than the analyst estimate of $0.07. Revenue for the quarter came in at $267.39 million versus the consensus estimate of $277.44 million.

GUIDANCE:

InnerWorkings sees FY2017 EPS of $0.45-$0.49, versus the consensus of $0.46. InnerWorkings sees FY2017 revenue of $1.155-1.185 billion, versus the consensus of $1.17 billion.

"The Company is raising its guidance for 2017 non-GAAP diluted earnings per share to a range of $0.45 to $0.49, compared to previous guidance of a range of $0.44 to $0.47. Guidance for gross revenue and non-GAAP adjusted EBITDA are unchanged. InnerWorkings expects gross revenue to range between $1.155 billion and $1.185 billion and non-GAAP adjusted EBITDA to be between $65.0 million and $68.0 million."

For earnings history and earnings-related data on InnerWorkings (INWK) click here.

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