comScore (SCOR) Tops Q4 EPS by 3c, Revenues Miss; Offers FY20 Revenue Mid-Point Guidance Above Consensus

comScore (NASDAQ: SCOR) reported Q4 EPS of ($0.31), $0.03 better than the analyst estimate of ($0.34). Revenue for the quarter came in at $95.2 million versus the consensus estimate of $96.09 million.

• Revenue for the fourth quarter was $95.2 million compared to $109.3 million in the prior-year quarter
• GAAP net loss of $21.4 million, or $(0.31) per share, compared to a net loss of $27.2 million, or $(0.46) per share in the year-ago quarter
• Adjusted EBITDA for the fourth quarter was $5.5 million compared to $6.3 million in the prior-year quarter

"Our fourth-quarter results demonstrate that our turnaround plan is working. We are encouraged by our operating performance, particularly in syndicated digital which showed improvement in the quarter, and local TV," said Bill Livek, CEO and Executive Vice Chairman of Comscore. "We will continue our focus on managing expenses while we shift our efforts towards revenue growth. Energy and enthusiasm from our customers accelerated in the last three months, and we are executing on our plan to deliver products that help our customers achieve better business outcomes."

"Today, we are also announcing a measurement agreement with Comcast that will greatly improve our direct measurement of television households across the U.S. It is a major step in our ongoing journey toward more precise measurement, helping us develop better products to serve our customers and drive revenue growth in the coming years," Livek concluded.

GUIDANCE:

comScore sees FY2020 revenue of $390-410 million, versus the consensus of $390.11 million.

For earnings history and earnings-related data on comScore (SCOR) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Optimum Communications gets NYSE non-compliance notice over stock price
• Newton Golf Company (NWTG) Reports Q2 Loss of $0.49