Tremor Video (TRMR) Reports In-Line Q1 EPS, Beats on Revenues; 'Raising FY17 Financial Guidance'

Tremor Video (NYSE: TRMR) reported Q1 EPS of ($0.14), in-line with the analyst estimate of ($0.14). Revenue for the quarter came in at $41.4 million versus the consensus estimate of $35.9 million.

First Quarter 2017 Highlights:

• Revenue of $41.4 million, up 20% year-over-year
• Total Spend(1) of $60.9 million, up 19% year-over-year
• Gross profit of $19.4 million, up 19% year-over-year
• Adjusted EBITDA(2) of ($2.4) million compared to ($4.2) million in Q1 2016
• Raising full year 2017 financial guidance

GUIDANCE:

Tremor Video sees FY2017 revenue of $182-192 million, versus the consensus of $185.04 million.

For earnings history and earnings-related data on Tremor Video (TRMR) click here.

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