MINDBODY (MB) Tops Q1 EPS by 2c

MINDBODY (NASDAQ: MB) reported Q1 EPS of ($0.03), $0.02 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $42.2 million versus the consensus estimate of $42.08 million.

“We had a strong start to the year, with positive early returns from our high value subscriber growth strategy, the nationwide rollout of our Google integration, and the timely acquisition of Lymber,” said Rick Stollmeyer, Co-founder and Chief Executive Officer of MINDBODY. “These developments reflect our focus on accelerating business and consumer engagement across our platform, fueling the growth of wellness businesses worldwide and helping millions more people live healthier, happier lives.”

“We are pleased with our financial performance in the first quarter delivering strong revenue growth and improving margins, while achieving record ARPS and positive cash flow from operations,” said Brett White, Chief Operating Officer and Chief Financial Officer.

GUIDANCE:

MINDBODY sees Q2 2017 revenue of $43.6-44.6 million, versus the consensus of $44 million.

For earnings history and earnings-related data on MINDBODY (MB) click here.

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