FTD Cos. (FTD) Misses Q1 EPS by 7c

FTD Cos. (NASDAQ: FTD) reported Q1 EPS of $0.32, $0.07 worse than the analyst estimate of $0.39. Revenue for the quarter came in at $316.49 million versus the consensus estimate of $329.22 million.

Guidance:

Business Outlook

For the full year 2017, the Company reiterated the following outlook:

• Consolidated revenues in 2017 to be largely in-line on a reported basis with the Company's 2016 revenues of $1.12 billion, or up low single digits on a constant currency basis (using an average GBP to USD exchange rate of 1:1.21 as compared to the 2016 average exchange rate of 1:1.36)
• Net income of approximately $10.0 million to $15.0 million
• Consolidated Adjusted EBITDA margin is anticipated to decline to approximately 8.0% to 8.5% of consolidated net revenues, primarily as a result of expected increases in marketing investments
• Capital expenditures of approximately $28.0 million, primarily due to planned enhancements to the Company’s technology platform

For earnings history and earnings-related data on FTD Cos. (FTD) click here.

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