ChannelAdvisor (ECOM) Tops Q3 EPS by 2c

ChannelAdvisor (NYSE: ECOM) reported Q3 EPS of ($0.26), $0.02 better than the analyst estimate of ($0.28). Revenue for the quarter came in at $21 million versus the consensus estimate of $20.84 million.

ChannelAdvisor sees Q4 2014 revenue of $25.6-26.1 million, versus the consensus of $25.6 million.

ChannelAdvisor sees FY2014 revenue of $86.7-87.2 million, versus the consensus of $86.4 million.

"ChannelAdvisor continues to operate at the center of the secular trend towards e-commerce. Waves of innovation (mobile, social, marketplaces, etc.) are driving retailers and branded manufacturers to seek out sophisticated e-commerce management software that enables them to scale their online operations rapidly and efficiently," said Scot Wingo, CEO of ChannelAdvisor. "For our target market, connecting with their customers online is no longer a nice-to-have, it is an imperative. As this realization hits home with more of our potential customer base, we believe ChannelAdvisor is uniquely positioned to benefit as the industry thought leader with the world's most technologically advanced e-commerce management platform."

For earnings history and earnings-related data on ChannelAdvisor (ECOM) click here.

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