InnerWorkings Announces First Quarter 2020 Results

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Go back to InnerWorkings Announces First Quarter 2020 Results

InnerWorkings (INWK) Tops Q1 EPS by 4c, Revenues Miss

June 16, 2020 4:16 PM EDT

InnerWorkings (NASDAQ: INWK) reported Q1 EPS of $0.04, $0.04 better than the analyst estimate of $0.00. Revenue for the quarter came in at $261.4 million versus the consensus estimate of $267.98 million.

Financial and Business Highlights

Gross revenue was $261.4 million in the first quarter of 2020, a decrease of 2% compared to $267.2 million in the first quarter of 2019. Excluding currency impact, gross revenue decreased 1% in the first quarter of 2020.Gross profit was $63.4 million, or 24.3% of gross revenue in the first quarter of 2020, compared to $62.0 million, or 23.2% of gross revenue, in the same period of last year.Selling,... More