Webzen, Inc. (ZEN) Tops Q2 EPS by 2c; Guides Above the Street

Webzen, Inc. (NYSE: ZEN) reported Q2 EPS of ($0.16), $0.02 better than the analyst estimate of ($0.18). Revenue for the quarter came in at $29.5 million versus the consensus estimate of $25.93 million.

“We had a strong first quarter as a public company,” said Mikkel Svane, Founder, Chairman and CEO of Zendesk. “We steadily increased our revenue and our number of customer accounts, and showed improvement in our operating metrics. We attracted more enterprise customers, while also strengthening our core business with small- and medium-sized organizations

Webzen, Inc. sees Q3 2014 revenue of $30-32 million, versus the consensus of $28.2 million.

Webzen, Inc. sees FY2014 revenue of $118-122 million, versus the consensus of $111.1 million.

“As of August 5, 2014, Zendesk is initiating revenue and operating loss guidance for our third quarter of 2014 and revenue and operating loss guidance for calendar year 2014,” said Alan Black, Senior Vice President and CFO. “Our financial results for the second quarter of 2014 were ahead of our expectations. Looking forward, we intend to continue to reinvest to grow our business while remaining mindful of the need to balance our pace of reinvestment and our progress toward increased efficiency in our business model.”

For earnings history and earnings-related data on Webzen, Inc. (ZEN) click here.

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