Bazaarvoice Issues Larger-Than-Expected Q4 Loss
Shares of Bazaarvoice (NASDAQ: BV) have slowly rolled lower in Wednesday's post-market trading session despite quarterly figures which showed a jump in earnings. The stock was initially quiet on the heels of the report, but price is now down more than two percent from the closing price.
The company posted a fourth-quarter loss of $0.11 per share, missing analyst estimates by $0.01. This represented a year over year increase of 8 percent.
Bazaarvoice reported revenue of $43.1 million; analysts had expected $45.45 million. This figure represented a year-over-year increase of 11 percent. The company said this figure included revenues and figures from the PowerReviews business, which did exceed guidance.
“The fourth quarter was our best quarter of the year on many fronts. We exceeded our revenue guidance, achieved great performance in net new client additions and customer launches, and delivered a nice year over year improvement in our adjusted EBITDA loss," said Gene Austin, chief executive officer and president. "Given the strength of the fourth quarter, the launch of new offerings, and our overall view of the business heading into fiscal year 2015, we believe we are at or near our revenue growth rate bottom and we are confident our revenue growth rates will begin to accelerate by the third quarter of this fiscal year at the latest."
The company said the number of active clients and active network clients at the end of the fourth quarter was 1,133 and over 1,500, respectively.
Bazaarvoice shares last traded $6.10, down about two percent from Wednesday's closing price of $6.22.
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