Guidance Software (GUID) Tops Q3 EPS by 2c; Guides Lower

Guidance Software (NASDAQ: GUID) reported Q3 EPS of ($0.03), $0.02 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $26.8 million versus the consensus estimate of $28.02 million.

Guidance Software sees FY2015 EPS of ($0.26)-($0.22), versus the consensus of ($0.12). Guidance Software sees FY2015 revenue of $105-106 million, versus the consensus of $109.85 million.

“Our third quarter performance was mixed,” said Patrick Dennis, Guidance Software’s Chief Executive Officer. “While we exceeded our non-GAAP earnings guidance, we ended the quarter short of our revenue target. That said, we continued to make progress on transforming the business to fully access the opportunity in each market that we serve. The initiatives and actions already underway are focused on the company's growth. We have a strong understanding of what drives our customer’s success in each of these markets, and we see many ways we can leverage our technology into adjacent emerging markets. We remain confident that the momentum that we built in the first half around the company’s transformation continues and will grow the business over time.”

Mr. Dennis continued, “To that end, today we unveiled our new brand identity, one of the aforementioned initiatives, aimed at increasing our brand equity and overall brand value in our target markets. This includes broadening our brand reach with a strong focus on endpoint security and response. At the same time the new brand gives us the ability to access emerging opportunities for our technology. We believe we will see immediate benefit with our customers and channel partners from the brand work, along with the upcoming product enhancements in the release of EnCase 5.10 in Q4. We are committed to a channel-first distribution strategy and remain confident it will result in increased sales capacity and transaction volume as it continues to gain traction.”

For earnings history and earnings-related data on Guidance Software (GUID) click here.

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