Internap Network Services (NAS: INAP) reported earnings on Oct. 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Internap Network Services missed slightly on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP loss per share grew.
Gross margins dropped, operating margins grew, net margins dropped.
Internap Network Services reported revenue of $68.1 million. The six analysts polled by S&P Capital IQ foresaw revenue of $69.3 million on the same basis. GAAP reported sales were 9.9% higher than the prior-year quarter's $62.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.02. The four earnings estimates compiled by S&P Capital IQ predicted $0.02 per share. GAAP EPS were -$0.05 for Q3 against -$0.04 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 40.6%, 100 basis points worse than the prior-year quarter. Operating margin was 0.1%, 70 basis points better than the prior-year quarter. Net margin was -3.6%, 70 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $70.0 million. On the bottom line, the average EPS estimate is $0.02.
Next year's average estimate for revenue is $274.5 million. The average EPS estimate is $0.01.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 256 members out of 275 rating the stock outperform, and 19 members rating it underperform. Among 48 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 45 give Internap Network Services a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Internap Network Services is outperform, with an average price target of $8.38.
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The article Internap Network Services Misses on the Top and Bottom Lines originally appeared on Fool.com.
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