Bazaarvoice Rises Slightly After Q3 Earnings Beat
Bazaarvoice (NASDAQ: BV) is up less than one percent in after hours trading after the company announced its third quarter results.
The firm reported a Q3 EPS of $(0.04) versus the Street estimate of $(0.06).
Earnings per share were up 33 percent from the year-ago period.
Revenue arrived at $48 million versus the Street estimate of $46.57 million. Sales were up 12 percent year-over-year.
"I am very pleased with our strong third quarter performance which was highlighted by our ability to exceed both revenue and earnings expectations as we continued to see operational improvements across the organization," Gene Austin, President and CEO of Bazaarvoice, said in a company release.
"I believe we have the right management team in place to execute our strategic objectives leading to increased revenue growth rates sometime during fiscal 2015."
Bazaarvoice, which had its initial public offering in February 2012, has lost more than 58 percent of its value over the last two years.
At market close on Monday, March 3, Bazaarvoice was down more than 14 percent year-to-date.
Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report.
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