Cafepress (PRSS) Misses Q2 EPS by 1c, Withdraws Guidance

Cafepress (NASDAQ: PRSS) reported Q2 EPS of ($0.11), $0.01 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $51.4 million versus the consensus estimate of $50.1 million.

Business Outlook

Given recent management changes at the Company and the ongoing process of reviewing strategic alternatives as previously announced, CafePress is not providing financial guidance and is withdrawing its prior full year 2014 guidance. The Company notes that no decision on any particular strategic alternative has been reached at this time and cautions that there can be no assurances as to whether any strategic alternative will be recommended by the Board or implemented and under what terms and conditions. The Company does not intend to disclose developments with respect to the progress of its evaluation of strategic alternatives until such time as the Board has determined an appropriate course of action or otherwise deems disclosure is necessary.

For earnings history and earnings-related data on Cafepress (PRSS) click here.

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