MDC Partners (MDCA) Misses Q1 EPS by 37c

MDC Partners (NASDAQ: MDCA) reported Q1 EPS of ($0.47), $0.37 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $309 million versus the consensus estimate of $323.48 million.

Scott Kauffman, Chairman and Chief Executive Officer of MDC Partners, said, "We remain on track to achieve our annual financial guidance despite uneven organic revenue growth in the first quarter. Adjusted EBITDA grew 5.3% and the underlying business fundamentals and our prospects remain as solid as ever, including over 41% organic growth outside of North America. MDC holds an enviable competitive position, and I am confident that we have the right talent with the right culture, strong and differentiated modern assets, and a corporate structure that cultivates continued long-term outperformance."

For earnings history and earnings-related data on MDC Partners (MDCA) click here.

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