Carbonite (CARB) Tops Q3 EPS by 4c, Beats on Revenues; Offers FY17 EPS/Revenue Mid-Point Guidance Above Consensus

Carbonite (NASDAQ: CARB) reported Q3 EPS of $0.25, $0.04 better than the analyst estimate of $0.21. Revenue for the quarter came in at $63.1 million versus the consensus estimate of $61.68 million.

GUIDANCE:

Carbonite sees FY2017 EPS of $0.76-$0.80, versus the consensus of $0.77. Carbonite sees FY2017 revenue of $246.3-248.3 million, versus the consensus of $245.67 million.

Third Quarter 2017 Highlights:

• Revenue of $61.6 million increased 19% year-over-year.
• Non-GAAP revenue of $63.1 million increased 20% year-over-year.1
• Bookings of $59.7 million increased 21% year-over-year.2
• Net (loss) income per share was ($0.13), as compared to $0.00 in 2016 (basic and diluted).
• Non-GAAP net income per share was $0.26 (basic) and $0.25 (diluted), as compared to $0.14 in 2016 (basic and diluted).4

For earnings history and earnings-related data on Carbonite (CARB) click here.

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