Rocket Fuel (FUEL) Tops Q1 EPS by 12c, Revenue Light, Co Offers Guidance

Rocket Fuel (NASDAQ: FUEL) reported Q1 EPS of ($0.18), $0.12 better than the analyst estimate of ($0.30). Revenue for the quarter came in at $74.4 million versus the consensus estimate of $76.21 million.

Business Outlook

"Ongoing investment in our proprietary technology platform and our global team helped drive continued strong growth in the first quarter," said J. Peter Bardwick, CFO of Rocket Fuel. "Looking ahead, we anticipate 62% to 69% revenue growth in the second quarter of 2014 over the second quarter of 2013. This should be viewed in the context of our exceptionally rapid growth of 137% in Q2 of 2013 compared to Q2 of 2012. We are reiterating our 2014 guidance as we expect revenue growth in the latter half of the year to increase slightly from our expected Q2 growth rate due to a number of factors, including the impact of recent sales hiring and expanded offerings that enhance our current product suite."

Rocket Fuel is providing an outlook for the second quarter of 2014 and reiterating its full year 2014 outlook as follows:

Second Quarter 2014

Revenue in the range of $88.0 million to $92.0 million (Consensus is $101.83)
Adjusted EBITDA in the range of a loss of $(6.0) million to a loss of $(4.5) million

Fiscal Year 2014

Revenue in the range of $420.0 million to $435.0 million (Consensus is $432.82)
Adjusted EBITDA in the range of $3.0 million to $6.0 million

For earnings history and earnings-related data on Rocket Fuel (FUEL) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Pro Diversity Network (IPDN) Reports Q2 Loss of $0.15
• Genco rejects Diana Shipping takeover bid as undervalued