FTD Cos. (FTD) Misses Q2 EPS by 8c, Miss on Revenues

FTD Cos. (NASDAQ: FTD) reported Q2 EPS of $0.35, $0.08 worse than the analyst estimate of $0.43. Revenue for the quarter came in at $328.15 million versus the consensus estimate of $334.85 million.

Business Outlook

For the full year 2017, the Company has updated its outlook. The Company now expects the following:

• Consolidated revenues for 2017 to be down 3% to 4% on reported basis compared to the Company's 2016 consolidated revenues of $1.12 billion, or down 2% to 3% on a constant currency basis (using an average GBP to USD exchange rate of 1:1.26 as compared to the 2016 average exchange rate of 1:1.36)
• Net income of approximately $8 million to $12 million
• Consolidated Adjusted EBITDA margin of 7.25% to 7.75% of consolidated revenues, primarily as a result of the lower consolidated revenues outlook and an increase in marketing investments compared to fiscal 2016
• Capital expenditures of approximately $22 million to $25 million, primarily due to planned enhancements to the Company’s technology platform

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

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