(daily chart, before earnings were announced)
ZIP posted 2 cents per share in earnings, 3 cents better than estimates. Revenue came in at $68.1 million, in line with expectations. The company said that fourth quarter net income on a GAAP basis could range from a loss of $500,000 to a gain of $500,000, a range that straddles the average estimate of analysts for 0 cents of EPS. The company expects EBITDA of $4 million to $5 million.
(weekly chart, before earnings were announced)
“We made significant progress during the period on several fronts, including increased activity and revenue growth across our consumer, business, university and government memberships, as well as the introduction of our Facebook app which builds on our technology leadership and provides an additional access point for our members. Following the quarter end, we completed the integration of the acquired Streetcar operations in the U.K., and we now look forward to further international expansion,” said Chairman and CEO Scott Griffith.
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