TheStreet, Inc. (TST) Tops Q3 EPS by 3c, Revs Miss; 5M Share Buyback

TheStreet, Inc. (NASDAQ: TST) reported Q3 EPS of $0.01, $0.03 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $15.3 million versus the consensus estimate of $15.81 million.

The Company also announced today that its Board of Directors has approved a new share buyback program authorizing the repurchase of up to 5 million shares of the Company's common stock, which equates to approximately 10% of the shares outstanding following the preferred stock exchange and common stock financing also announced today

• GAAP net income attributable to common stockholders totaled $0.2 million, or $0.01 per share, versus a net loss attributable to common stockholders of $1.2 million, or ($0.03) per share in the prior year period.
• Adjusted EBITDA of $2.1 million increased $2.0 million as compared to the third quarter of 2016.
• Cash, cash equivalents, restricted cash and marketable securities of $26.1 million increased $2.7 million as compared to December 31, 2016 and up $0.7 million from June 30, 2017.
• Revenue totaled $15.3 million in the third quarter of 2017 as compared to $15.2 million for the same period last year.
• Business-to-Business Revenue of $7.9 million, up $0.7 million, or 9% year-over-year.
• Business-to-Business revenue continues to grow making up 52% of total revenue in the third quarter of 2017 as compared to 47% for the same period last year.
• Business-to-Consumer Revenue of $7.4 million, down $0.6 million, or 8% year-over-year.
• Consumer Advertising remains strong up 2% year-over-year.
• Operating expense for the third quarter of 2017 was $15.0 million, an improvement of $1.1 million, or 7%, from $16.1 million for the third quarter of last year.

For earnings history and earnings-related data on TheStreet, Inc. (TST) click here.

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