Textura Corp (TXTR) Tops Q2 EPS by 5c

Textura Corp (NYSE: TXTR) reported Q2 EPS of ($0.16), $0.05 better than the analyst estimate of ($0.21). Revenue for the quarter came in at $13.8 million versus the consensus estimate of $13.92 million.

Outlook

Textura is providing guidance for the second, third and fourth quarters of its new fiscal year ending December 31, 2014 and for its new fiscal year ending December 31, 2014. The guidance shows that we expect revenue growth to continue at a high rate and despite high levels of investment in our product strategy and business, Adjusted EPS to continue to improve. Textura expects to be operating cash flow neutral to slightly positive for its fiscal year ending December 31, 2014.

For the quarter ended June 30, 2014, Textura expects to report:

Revenue in the range of $14.7 to $15.0 million
Year-over-year revenue growth in the range of 57 - 60%
Adjusted EPS in the range of $(0.12) - $(0.14)*
GAAP net loss per share in the range of $(0.24) - $(0.26)
Impact of LATISTA on consolidated results:

For earnings history and earnings-related data on Textura Corp (TXTR) click here.

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