Did RetailMeNot Miss Earnings? Or Did They Not?
Shares of RetailMeNot (NASDAQ: SALE) were nosediving following what may be a less than stellar earnings report after the close on Monday.
RetailMeNot reported a 16 percent decline in second quarter net income to $0.08 per share, which many sources had been comparing to $0.17 per share in earnings from analysts.
However, a Goldman Sachs report from Debra Schwartz states that non-GAAP EPS was actually $0.18, which would have been a penny above consensus, with confusion due to GAAP versus non-GAAP comparisons.
Revenue came in somewhat light as well at $59.5 million, just short of consensus of $60 million.
Shares of RetailMeNot are trading at 19.95 after hours, down 20 percent from the 25.30 close.
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