Why Responsys Shares Skyrocketed
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What: Shares of Responsys have skyrocketed today by as much as 25% after the company reported better-than-expected earnings.
So what: Revenue in the fourth quarter came in at $44.7 million, most of which was subscription revenue, and topped the consensus estimate of $42.5 million. Non-GAAP net income was $3.7 million, or $0.07 per share, also ahead of Street forecasts of $0.05 per share in adjusted profit. CEO Dan Springer said the company continues to benefit from the shift away from mass marketing.
Now what: Guidance was also healthy, with first-quarter sales expected in the range of $43 million to $45 million. Fiscal 2013 sales should be $188 million to $192 million, with adjusted earnings per share of $0.16 to $0.18. That outlook is somewhat mixed, as the Street was modeling for just $185.8 million in sales but expecting more down below. The consensus estimate for fiscal 2013 adjusted earnings per share is $0.22.
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The article Why Responsys Shares Skyrocketed originally appeared on Fool.com.Fool contributor Evan Niu, CFA, has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.
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