ChannelAdvisor (ECOM) Reports In-Line Q4 EPS, Offers Guidance

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Go back to ChannelAdvisor (ECOM) Reports In-Line Q4 EPS, Offers Guidance

ChannelAdvisor Reports Fourth Quarter and Full Year 2019 Results; Revenue Achieves High End of Guidance and Record Adjusted EBITDA Significantly Exceeds Guidance

February 12, 2020 6:45 AM EST

RESEARCH TRIANGLE PARK, N.C., Feb. 12, 2020 (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 fourth quarter and full year ended December 31, 2019.

We are very pleased with our fourth quarter performance, said David Spitz, Chief Executive Officer of ChannelAdvisor. Revenue came in at the high end of our guidance range and Adjusted EBITDA substantially exceeded our guidance range, demonstrating our ability to increase the efficiency of our business and to drive solid... More