Model N (MODN) Tops Q1 EPS by 2c

Model N (NYSE: MODN) reported Q1 EPS of ($0.15), $0.02 better than the analyst estimate of ($0.17). Revenue for the quarter came in at $28.1 million versus the consensus estimate of $27.32 million.

GUIDANCE:

Model N sees Q2 2017 EPS of ($0.26)-($0.28), versus the consensus of ($0.21). Model N sees Q2 2017 revenue of $33.5-$34 million, versus the consensus of $30.8 million.

Sees FY 2017 Non-GAAP EPS ($0.66)-($0.69) versus consensus of ($0.74). Revenues $130-$134 million versus consensus of $123.9 million

For earnings history and earnings-related data on Model N (MODN) click here.

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