Millennial Media (MM) Tops Q1 EPS by 6c; Guides Q2 Revs Well Below the Street

Millennial Media (NYSE: MM) reported Q1 EPS of ($0.04), $0.06 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $72.6 million versus the consensus estimate of $75.52 million.

Millennial Media sees Q2 2014 revenue of $70-75 million, versus the consensus of $96.4 million.

“Now into my first full quarter, I am pleased with my decision to join Millennial Media and drive this Company to the next level,” said Michael Barrett, President and CEO, Millennial Media. “While I would have liked to have seen stronger performance in the quarter, we have developed an aggressive strategy and I have high confidence that we can execute and capitalize on the growth and promise of mobile.”

For earnings history and earnings-related data on Millennial Media (MM) click here.

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