Audience Shares Surge on Results Announcement
Trading in the surging shares of Audience was briefly halted after market close today, following the company's announcement of its Q4 and 2012 results. Audience posted nearly $39 million in revenue for the quarter, or more than double the amount of the same period the previous year. Net income was $3.1 million, against a Q4 2011 loss of $5.6 million.
For the full year, top line was $144 million, while net came in at $15 million. Those numbers for 2011 were $98 million and $8 million, respectively.
Audience provided guidance for its current quarter that indicated a continuation of that strong revenue growth. For Q1, the firm expects that top line will come in at $43 million-$46 million, and net profit will be $1.9 million-$2.9 million.
The company's stock surged by more than 26% on heavy volume in after-hours trading following the results announcement.
The article Audience Shares Surge on Results Announcement originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Audience. The Motley Fool has no position in Audience. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.