ChannelAdvisor (ECOM) Tops Q1 EPS by 6c

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Go back to ChannelAdvisor (ECOM) Tops Q1 EPS by 6c

ChannelAdvisor Reports First Quarter 2019 Results; Adjusted EBITDA Significantly Exceeds Guidance

May 9, 2019 6:45 AM EDT

RESEARCH TRIANGLE PARK, N.C., May 09, 2019 (GLOBE NEWSWIRE) -- ChannelAdvisor Corporation (NYSE: ECOM), a leading provider of cloud-based e-commerce solutions that enable brands and retailers to increase global sales, today reported financial results for the quarter ended March 31, 2019.

"First quarter revenues were within our previous guidance range, although variable revenue was somewhat impacted by a more pronounced deceleration in Amazon and eBay GMV growth than we previously anticipated, consistent with their recently reported results for the first quarter," said David Spitz, Chief Executive Officer of ChannelAdvisor. "Despite this, we posted strong... More