WALTHAM, Mass. (AP) _ Care.com Inc. (CRCM) on Thursday reported third-quarter net income of $262,000, after reporting a loss in the same period a year earlier.
The Waltham, Massachusetts-based company said it had profit of 1 cent per share. Earnings, adjusted for stock option expense and restructuring costs, were 18 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The operator of an online service to help people find and manage family care posted revenue of $44.5 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $44.1 million.
For the current quarter ending in December, Care.com expects its per-share earnings to range from 15 cents to 16 cents.
The company said it expects revenue in the range of $43.6 million to $44.1 million for the fiscal fourth quarter.
Care.com expects full-year earnings in the range of 51 cents to 52 cents per share, with revenue ranging from $173.5 million to $174 million.
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