TeleNav (TNAV) Tops Q2 EPS by 2c, Revenues Beat; Offers Q3 Revenue Guidance Below Consensus

TeleNav (NASDAQ: TNAV) reported Q2 EPS of ($0.10), $0.02 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $57.2 million versus the consensus estimate of $52.81 million.

“In the second quarter, we achieved a significant milestone of positive adjusted cash flow from operations, a non-GAAP measure, evidence that the company is improving its financial fundamentals while driving growth,” said HP Jin, Chairman and CEO of Telenav. “We continued to increase our revenue and billings from General Motors, which were approximately 17% and 20% respectively during the second quarter compared to 7% and 7% for revenue and billings in the second quarter of fiscal 2018. Consistent with our mission of making people’s lives less stressful, more productive, and more fun on the go, we are collaborating with Amazon to integrate the Alexa voice interface for in-car navigation, an integration we demonstrated at CES 2019.”

GUIDANCE:

TeleNav sees Q3 2019 revenue of $49-53 million, versus the consensus of $54.4 million.

For earnings history and earnings-related data on TeleNav (TNAV) click here.

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