INAP Reports Second Quarter 2018 Financial Results
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Internap Corporation (INAP) Misses Q2 EPS by 24c, Slight Beat on Revenues; Offers FY18 Revenue Outlook
August 2, 2018 7:22 AM EDTInternap Corporation (NASDAQ: INAP) reported Q2 EPS of ($0.69), $0.24 worse than the analyst estimate of ($0.45). Revenue for the quarter came in at $81.96 million versus the consensus estimate of $81.8 million.
Reported Revenue of $82.0 Million up 10.5% Sequentially and 17.7% Year-over-YearINAP US, comprising 78% of Revenue, up 12.2% Sequentially and 18.4% Year-over-YearINAP INTL, comprising 22% of Revenue, up 4.5% Sequentially and 15.2% Year-over-YearGAAP Net Loss of $(13.9) Million, or GAAP Net Loss Margin of (17.0)%, with Adjusted EBITDA of $28.5 Million up 10.9% Sequentially and 23.4% Year-over-Year; Adjusted EBITDA Margin of... More