Carbonite (CARB) Tops Q2 EPS by 1c; Issues Better-than-Expected Outlook

Carbonite (NASDAQ: CARB) reported Q2 EPS of ($0.03), $0.01 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $30.3 million versus the consensus estimate of $30.1 million.

Carbonite sees Q3 2014 EPS of ($0.01)-$0.01, versus the consensus of ($0.04). Carbonite sees Q3 2014 revenue of $31.2-31.4 million, versus the consensus of $31.3 million.

Carbonite sees FY2014 EPS of ($0.06)-($0.02), versus the consensus of ($0.08). Carbonite sees FY2014 revenue of $122.4-123 million, versus the consensus of $122.7 million.

“The second quarter of 2014 was an exciting quarter for Carbonite with strong sales of our Carbonite Server Backup product and the production release of the Carbonite HT10 appliance,” said David Friend, President and CEO. “These hybrid solutions are designed to be just right for small businesses – priced affordably, easy-to-use, and a feature set that meets the needs of SMBs. Carbonite’s hybrid approach to backup is just the first step in supporting the business continuity needs of small businesses.”

For earnings history and earnings-related data on Carbonite (CARB) click here.

You May Also Be Interested In

• Safe & Green (SGBX) Provides Update on Audit and Planned 10-K Filing
• Netflix (NFLX) raised to Buy at Needham & Company on revenue upside
• American Express (AXP) down despite beating Q1 estimates on top and bottom lines