Millennial Media (MM) Tops Q3 EPS by 7c; Guides Q4 Revs Below the Street

Millennial Media (NYSE: MM) reported Q3 EPS of ($0.07), $0.07 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $69.8 million versus the consensus estimate of $67.6 million.

Millennial Media sees Q4 2014 revenue of $70-75 million, versus the consensus of $88 million.

“We had another productive quarter as we took significant steps towards strengthening and accelerating our programmatic capabilities,” said Michael Barrett, President and CEO, Millennial Media. “During the quarter we announced our agreement to acquire Nexage - a leading independent mobile supply side platform and exchange - and we have begun to align our management organization towards best addressing both the manual and machine-based segments of the mobile advertising market. As we head into 2015, we have a much improved set of capabilities, and we are well positioned, in terms of our organization, people and strategy, to drive revenue growth.”

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

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