Ancestry.com Smoked After Disappointing Earnings; Stock Loses 17%
Ancestry.com (NASDAQ: ACOM) released its fiscal fourth-quarter earnings results after the closing bell on Wednesday. The company reported net income of $18.3 million or $0.40 per share, compared to $12.6 million or $0.25 per share, in the year ago quarter. This compared to Wall Street consensus EPS estimates of $0.34.
Revenues at ACOM for the quarter were $104.22 million, a 26% increase versus the $82.74 million that the company reported in last year's fourth-quarter. This came in slightly below Street consensus revenue estimates of $104.08 million.
Looking ahead to the fiscal first-quarter, ACOM sees revenues between $106 to $108 million, which compares to current Street consensus of $108.88 million.
For full-year 2012, ACOM expects revenue between $455 to $470 million versus Street estimates of $464.31 million for fiscal 2012.
The Q4 revenue miss, combined with light Q1 revenue guidance and only marginal full-year revenue guidance is weighing on ACOM shares on Thursday. The stock is one of the biggest losers on the NASDAQ and was trading down 16.65% near the close of the trading session.
