Did RetailMeNot Miss Earnings? Or Did They Not?

Shares of

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, badly missing the $0.17 per share analysts were expecting for the quarter, according to some reports. 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.